S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether

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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 company announced Monday that it launched three crypto indices tied to the performance of the two largest cryptocurrencies: Bitcoin (BTC) and Ether (ETH).

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…

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