Saturday, October 23, 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.

Ticker:

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 Brennanhttps://thecryptobasic.com/
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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

Tortola, British Virgin Islands, 22nd October, 2021, Transient Network, a Smart Contract Global Marketplace, is thrilled to announce that it has raised $1.2 million...

Binance Smart Chain Is Bringing Fee-Burning Mechanism Like Ethereum

The Binance Smart Chain (BSC) has published a proposal to improve the BEP-95 ecosystem, This new mechanism will be similar to the Ethereum chain...

Subscribe To Our Newsletter

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