S&P Dow Jones Indices, the world’s leading index provider, which is behind S&P 500 and the Dow Jones Industrial Average, has officially launched its new series of digital asset benchmarks, the S&P Digital Market Indices.
These new indices will be measuring the performance of cryptocurrencies. It covers the top two cryptos, with additional coins to be included later this year.
At launch, it includes three indexes, including S&P Bitcoin Index, S&P Ethereum Index, and S&P Cryptocurrency MegaCap Index; the last one will measure the performance of BTC and Ether.
The indices will use pricing data from crypto software and data provider Lukka.
With these indices, S&P Dow Jones aims to make it easier for investors to access the emerging asset class while potentially mitigating some common risks in this “speculative market” and bringing transparency to what it calls an “exciting” market.
“Traditional financial markets and digital assets are no longer mutually exclusive markets,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices. “As cryptocurrency becomes more mainstream, investors now have access to reliable and transparent benchmarks backed by institutional quality pricing data.”
This article is Originally posted on CoinCentral.com