S&P Dow Jones Indices, a major global resource for index-based data and research, has introduced its first cryptocurrency indices amid a renewed surge on crypto markets.
The newly introduced indices include Bitcoin-based S&P Bitcoin Index (SPBTC), Ether-based S&P Ethereum Index (SPETH), and S&P Cryptocurrency MegaCap Index (SPCMC), which is designed to track the performance of BTC and ETH weighted by market cap. All three indices are immediately available on the S&P DJI website.
S&P DJI crypto indices as of May 4. Source: S&P
The company stressed that the new crypto indices are designed to measure the performance of crypto assets listed on recognized, open exchanges that meet minimum liquidity and market capicalitazion requirements. “The indices aim to bring transparency to the emerging cryptocurrency market,” S&P DJI noted.
According to the announcement, S&P crypto pricing and reference data is provided by crypto