certify
Home arrow Article arrow Article Detail

S&P Dow Jones Indices launches Bitcoin,etherium index to measure its performance

Profile Image

Shivangi Mujumdar Follow

INDIA

May, 07 2021

May, 07 2021

likes 0 | comments 0

Article Image

As per the press.spglobal.com/2021-05-04-S-P-Dow-Jones, the press release says that in New York, on May 4, 2021- S&P Dow Jones Indices has legitimately launched its new series of digital asset benchmarks.?? 

 

These different S&P-branded indices will ration the performance of digital assets listed on renowned open cryptocurrency exchanges. 

 

S&P Bitcoin Index will maintain a record of the performance of Bitcoin while S&P Ethereum Index. It will measure the act of Bitcoin’s closest rival -- Ethereum. 

 

S&P Cryptocurrency Megacap Index will quantify the performance of Bitcoin and Ethereum digital assets weighted by market cap. 

 

Main points: 

 

Fetching Bitcoin and Ethereum to Wall Street, S&P believed S&P Bitcoin Index will track the performance of Bitcoin with S&P Ethereum Index. 

 

Far along in 2021, the S&P Digital Market Indices series will embrace other coins and broader-based indices such as large-cap and wide market benchmarks. 

 

Supported points: 

 

Three crypto indices launched by S&P Global- 

 

  • The index series comprise the S&P Ethereum Index, the S&P Bitcoin Index, and the S&P Crypto Mega Cap Index. 

 

  • The ticker signs for the three are SPETH, SPBTC, and SPCMC, correspondingly. The closing events the act of bitcoin and Ethereum, the company carefully. 

 

  • These indices are intended to measure the performance of a collection of digital assets (crypto assets) listed on familiar, open exchanges that meet the smallest liquidity and market capitalization criteria. 

 

  • The indices use Lukka Inc., a crypto data earner, as the data basis for digital asset pricing and reference data, through the Lukka Prime and Lukka mention data products. 

 

  • S&P Global speaks cryptocurrencies have become mainstream and seem to be here to stay.  

 

  • As more companies are offering crypto services and acceptance is growing international. In the interim, an S&P analyst trusts that bitcoin’s increase is reminiscent of the U.S. gold rush. 

 

To conclude, to transport transparency to the developing cryptocurrency market, index worker S&P Dow Jones Indices LLC on Monday went live with three cryptocurrency indices. The S&P’s indices will strive with Bloomberg’s crypto indices that size the performance of the major digital assets traded in the US dollar. 

 


likes 0 Likes | comments 0 Comments

Profile Image

Shivangi Mujumdar

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.