S&P Dow Jones Launches Five New Crypto Indices

Jul 13, 2021 | Decrypt News | 0 comments

s&p-dow-jones-launches-five-new-crypto-indices

Data provider S&P Dow Jones Indices has added five new indices to its existing roster of crypto market benchmarks, per a press release.

The main event is the S&P Cryptocurrency Broad Digital Market Index—a way of tracking the overall health of the crypto market, derived from the performance of over 240 different coins.

The four other indices are essentially subsets of the Broad Digital Market Index: the LargeCap Index focuses on cryptocurrencies with “large” market capitalizations; the Ex-MegaCap Index incorporates all the data from the Broad Digital Market Index, excluding Bitcoin and Ethereum; the LargeCap Ex-MegaCap Index tracks data from the LargeCap set without Bitcoin and Ethereum; and Ex-LargeCap excludes the LargeCap set entirely.

S&P Dow Jones Launches Bitcoin and Ethereum Indices

S&P Dow Jones Indices is responsible for two of the most important stock market metrics—the S&P 500 and the Dow Jones Industrial Average (usually just “the Dow”). It announced its entry into the crypto space late last year, in partnership with the blockchain data company Lukka, and has since launched indices for Bitcoin, Ethereum, and the combined performance of the two.

News Source from Decrypt.co

Related Articles

Mastercard chooses 7 crypto startups for Start Path accelerator

Mastercard chooses 7 crypto startups for Start Path accelerator

Mastercard keeps its focus on the digital asset industry, echoing moves by its main competitor, Visa. International payments giant Mastercard continues focusing on the digital asset industry by welcoming a batch of major cryptocurrency startups in its fintech...

Pin It on Pinterest

Share This