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.
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