Broad digital market index

The new indices being added include the following:

These new cryptocurrency indices join the existing benchmarks that make up the S&P Digital Market Indices:

The indices use pricing data from Lukka, a crypto software and data provider, to determine the eligibility universe and pricing of individual constituents. S&P DJI’s Index Committee administers the indices. S&P DJI first announced new cryptocurrency asset index capabilities with Lukka in December 2020.

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The market for cryptocurrency assets continues to grow and with that, transparent benchmarking and index-based solutions based on crypto and blockchain assets are more essential than ever.

Broad digital market index

New index measures the performance of more than 240 cryptocurrency coins

NEW YORK, July 13, 2021 /PRNewswire/ — S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, announced today the launch of its latest cryptocurrency indices including the new S&P Cryptocurrency Broad Digital Market (BDM) Index. The BDM provides a wide performance snapshot of the cryptocurrency market and includes more than 240 coins at launch.

The index is part of an expansion of S&P DJI’s recently launched series of digital asset benchmarks, the S&P Digital Market Indices.

S&p cryptocurrency broad digital market index

Broad Digital Market (BDM) Index.

The BDM includes more than 240 coins at launch, and covers a performance snapshot of the cryptocurrency market. This is part of an expansion of S&P DJI’s recently launched series of digital asset benchmarks, the S&P Digital Market Indices

Several new cryptocurrency indices will be joining the existing benchmarks that make up the S&P Digital Market Indices, including S&P Bitcoin Index which measures the performance of Bitcoin, S&P Ethereum Index which measures the performance of Ethereum, and S&P Cryptocurrency MegaCap Index which will measure the performance of Bitcoin and Ethereum digital assets.

Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices commented on the launch:

“For more than a century, our indices have offered insight into how the markets are performing.

S&p cryptocurrency broad digital market index (usd)

Jones, including the S&P Bitcoin Index, S&P Ethereum Index, and S&P Cryptocurrency MegaCap Index.

The What, How & Why

The indices will pull pricing data from their already-established cryptocurrency partner Lukka, an enterprise-grade crypto software and data provider. Increasing indices around crypto reflect a clear growth in consumer demand that the S&P Dow Jones is now looking to address.

“The market for cryptocurrency assets continues to grow and with that, transparent benchmarking and index-based solutions based on crypto and blockchain assets are more essential than ever,” according to the S&P Dow Jones press release.

Global Head of Innovation and Strategy at S&P Dow Jones Indices Peter Roffman stated in the release that “for more than a century, our indices have offered insight into how the markets are performing.

S&p cryptocurrency broad digital market (bdm) index

S&P Cryptocurrency LargeCap Ex-MegaCap Index – a subset of the BDM that measures the performance of the constituents of the S&P Cryptocurrency LargeCap Index, excluding the constituents of the S&P Cryptocurrency MegaCap Index.

These new cryptocurrency indices join the existing benchmarks that make up the S&P Digital Market Indices:

  • S&P Bitcoin Index – measures the performance of Bitcoin.
  • S&P Ethereum Index – measures the performance of Ethereum.
  • S&P CryptocurrencyMegaCap Index – measures the performance of Bitcoin and Ethereum digital assets.

The indices use pricing data from Lukka, a crypto software and data provider, to determine the eligibility universe and pricing of individual constituents.

Cryptocurrency broad digital market index

Now, with the introduction of the S&P Cryptocurrency Broad Digital Market Index, we’re providing that answer to cryptocurrency investors.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. We’re excited to bring this significant level of additional transparency to the cryptocurrency market.”

The addition of cryptocurrency indices to wall street, demonstrates the global interest in digital currencies, and the demand by investors which is being met by global institutions such as S&P Dow Jones.

Disclaimer: This article is provided for informational purposes only.

Now, with the introduction of the S&P Cryptocurrency Broad Digital Market Index, we’re providing that answer to cryptocurrency investors,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices. “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. We’re excited to bring this significant level of additional transparency to the cryptocurrency market.”

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.

Broad digital market indexator

S&P DJI’s Index Committee administers the indices. S&P DJI first announced new cryptocurrency asset index capabilities with Lukka in December 2020.

The market for cryptocurrency assets continues to grow and with that, transparent benchmarking and index-based solutions based on crypto and blockchain assets are more essential than ever.

The Digital Market Indices will make it easier for investors to access and assess this emerging technology-driven asset class while potentially mitigating some of the common risks associated with this traditionally speculative market.

“For more than a century, our indices have offered insight into how the markets are performing.

Broad digital market indexes

The Digital Market Indices will make it easier for investors to access and assess this emerging technology-driven asset class while potentially mitigating some of the common risks associated with this traditionally speculative market.

“For more than a century, our indices have offered insight into how the markets are performing. Now, with the introduction of the S&P Cryptocurrency Broad Digital Market Index, we’re providing that answer to cryptocurrency investors,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices. “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.

Broad digital market indexed

Now, with the introduction of the S&P Cryptocurrency Broad Digital Market Index, we’re providing that answer to cryptocurrency investors,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices. “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. We’re excited to bring this significant level of additional transparency to the cryptocurrency market.”

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.

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