Wednesday, July 28, 2021
Home Crypto News Market S&P Dow Jones Launches Bitcoin and Ethereum Indices

S&P Dow Jones Launches Bitcoin and Ethereum Indices

- Advertisement -

S&P Dow Jones Indices, a division of US financial data provider S&P Global, has launched indices based on Bitcoin, Ethereum.

Products under the S&P DJI brand use data and calculation methodology from the New York firm Luka. The companies agreed to cooperate in December 2020.

The S&P Digital Market Indices measure the performance of digital assets listed on recognized open exchanges.

The index series includes the following:

S&P Bitcoin Index: The index measures the performance of Bitcoin.

S&P Ethereum Index: The index measures the performance of Ethereum.

S&P Crypto Mega Cap Index: The index measures the performance of Bitcoin and Ethereumdigital assets.


S&P Bitcoin Index: SPBTC

S&P Ethereum Index: SPETH

S&P Crypto Mega Cap Index: SPCMC

Indexes are calculated in points, not in US dollars. According to S&P representative Ray McConville, instead of the actual cost, they reflect the increase in prices.

The data is calculated on business days. They will be available by subscription for the service’s customers. Rebalancing is performed quarterly.

The tools will compete with their counterparts from Bloomberg and Galaxy.

How the Launch of S&P Dow Jones Crypto Indices will Change the Bitcoin Industry is yet to be seen.

Recall that in December 2020, CBOE announced the creation of cryptocurrency indices.


- Advertisement -
Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Graph to use Polygon for its billing system

Singapore, Singapore, 28th July, 2021, Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world....

Coca-Cola To Launch First-Ever NFT Collectibles

Coca-Cola and Tafi became partners as Tafi is designing virtual wearables for Coca-Cola's first-ever non-fungible token (NFT) collectibles to celebrate International Friendship Day on...

Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced

Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Utah Resident, A Dogecoin Fan Selling His Home For Crypto Offers a Generous 10% Discount only If He Is Paid In Doge

According to local TV station KUTV (Video Below), an American citizen from Utah joined the ranks of those selling their property for cryptocurrencies. Utah Resident,...

Panther Protocol Partners with Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is...

European Digital Identity: Talao Announces Professional Credential Solution

Paris, France, 27th July, 2021, Talao, a blockchain-based Digital Identity specialist for the Human Resource industry, today announced a professional credential application to transform...

Vechain CEO, Sunny Lu Interview By Fenbushi Capital, Sunny Lu Talks About Partners, Investors And The Three Historic Choices

VeChain CEO, Sunny Lu, was interviewed by Fenbushi Capital for their Distributed Entrepreneurship Column. Sunny talks partners (DNV, PwC), investors (Fenbushi, Fenchain), and the three...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly