S&P World, the father or mother firm of S&P Dow Jones Indices, has launched three cryptocurrency indices. One tracks the efficiency of bitcoin, one other tracks the efficiency of ethereum, and the third measures the efficiency of each bitcoin and ether.
3 Crypto Indices Launched by S&P World
S&P World, the father or mother firm of S&P Dow Jones Indices LLC, launched “The S&P Digital Market Indices” on Monday.
The index collection embrace the S&P Bitcoin Index, the S&P Ethereum Index, and the S&P Crypto Mega Cap Index. The ticker symbols for the three are SPBTC, SPETH, and SPCMC, respectively. The latter “measures the efficiency of bitcoin and ethereum,” the corporate detailed.
The corporate defined that “The indices goal to convey transparency to the rising cryptocurrency market,” elaborating:
These indices are designed to measure the efficiency of a collection of digital property (crypto property) listed on acknowledged, open exchanges that meet minimal liquidity and market capitalization standards.
The indices use Lukka Inc., a crypto information supplier, as the info supply for digital asset pricing and reference information, by way of the Lukka Prime and Lukka reference information merchandise.
S&P World says cryptocurrencies have become mainstream and look like right here to remain, as extra corporations are providing crypto companies and adoption is rising worldwide. In the meantime, an S&P analyst believes that bitcoin’s rise is harking back to the U.S. gold rush.
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