Amid the growing popularity of cryptocurrencies, S&P Dow Jones Indices has launched a new series of digital asset benchmarks — the S&P Digital Market Indices, which measure the performance of digital assets listed on "recognized open cryptocurrency exchanges," the index shop says.
The series includes the S&P Bitcoin Index, S&P Ethereum Index and S&P Cryptocurrency MegaCap Index.
Later this year, S&P Dow Jones Indices plans to expand the index series to include additional coins and broader-based indexes, such as large-cap and broad market benchmarks.
"Investor demand for benchmarking and index-based solutions based on crypto and blockchain assets is more essential than ever," according to a statement issued by the firm on Tuesday.
"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, in a statement. "As cryptocurrency becomes more mainstream, investors now have access to reliable and transparent benchmarks backed by institutional quality pricing data. "
