S&P Dow Jones Indices launches new cryptocurrency indexes

S&P Dow Jones Indices launches new cryptocurrency indexes

S&P Dow Jones Indices, the leading index provider of some of the world’s largest equity benchmarks, has launched a new cryptocurrency index that tracks the performance of the broader digital asset market. 

The S&P Cryptocurrency Broad Digital Market Index, labelled BDM, tracks more than 240 digital assets at launch and represents an expansion of the firm’s recently launched crypto benchmarks.

In addition to BDM, the company also launched four other crypto-focused indexes on Tuesday, each tracking various components of the broad digital market benchmark. These include:

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S&P Cryptocurrency LargeCap IndexS&P Cryptocurrency BDM Ex-MegaCap IndexS&P Cryptocurrency BDM Ex-LargeCap IndexS&P Cryptocurrency LargeCap Ex-MegaCap Index

All the indexes rely on pricing information from Lukka, a crypto-focused data provider, to determine the composition of each respective benchmark.

“The expansion of our Digital Market Indices family gives one of the broadest snapshots yet of this rapidly growing asset class with the ability to slice and dice by market cap,” said Peter Roffman, the global head of innovation

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