S&p crypto index

s&p crypto index

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®.

S&p crypto index

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, investor demand for benchmarking and index-based solutions based on crypto and blockchain assets is 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.

“Traditional financial markets and digital assets are no longer mutually exclusive markets,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices. “As cryptocurrency becomes more mainstream, investors now have access to reliable and transparent benchmarks backed by institutional quality pricing data.

S&p crypto index list

This article is reprinted from the Indexology blog of S&P Dow Jones Indices.

For us at S&P DJI, this is an exciting time because this new asset class is bringing unprecedented change to our financial ecosystem and the mindsets of market participants.

The cryptocurrency space is unlike traditional financial markets, and certainly unlike the ones we have benchmarked at S&P DJI over the last 100 years. Living mainly within the realm of technology, cryptocurrencies like Bitcoin are beyond the realm of traditional currencies, securities, commodities, and physical assets.
They are new, evolving, and not controlled by governments, although their use is regulated in various jurisdictions.

S&p crypto index etf

We look forward to further expanding our new family of Digital Market Indices and bringing much needed transparency to this exciting market.”

In addition to the new S&P Digital Market Indices, S&P DJI also launched customized cryptocurrency indexing solutions at the end of last year. Since then in the first quarter of 2021, IDX Insights launched a series of risk-managed custom cryptocurrency indices – the first based on S&P DJI’s custom cryptocurrency indexing capabilities.

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®.

More assets are invested in products based on our indices than products based on indices from any other provider in the world.

S&p crypto index ticker symbol

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.

S&p crypto index fund

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, investor demand for benchmarking and index-based solutions based on crypto and blockchain assets is 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.

“Traditional financial markets and digital assets are no longer mutually exclusive markets,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices. “As cryptocurrency becomes more mainstream, investors now have access to reliable and transparent benchmarks backed by institutional quality pricing data.

S&p crypto index ticker

Instead, they’re decentralized, meaning that no one entity can fully control or halt the use of these currencies.

Structurally, these cryptocurrencies are creating their own new, evolving, decentralized markets. Enormous value is now being transacted in dozens of exchanges where there are no traditional market makers.

But along with opportunities, this asset class comes with a host of new challenges.
As an emerging space, one of the biggest issues is a lack of transparency.

Our cryptocurrency indices seek to address some of the challenges the industry is currently facing, including the issue of transparency.

S&p crypto index price

S&P Digital Market Indices. These new S&P-branded indices will measure the performance of digital assets listed on recognized open cryptocurrency exchanges.

At launch, the index series includes the following:

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

Later this year, the S&P Digital Market Indices series will include additional coins and broader-based indices such as large cap and broad market benchmarks.

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 crypto index coins

The index company’s Broad Digital Market tracker dives deep – very deep – into the digital asset universe, CoinDesk found.

Dogecoin is out; bitcoin diamond is in. So go the rules of the S&P’s new benchmark for the crypto sector.

CoinDesk obtained a list of the 243 digital assets in the S&P Cryptocurrency Broad Digital Market (BDM) Index.

A cursory analysis found that Wall Street’s latest attempt to measure returns from the “broad investable universe” ventured to crypto’s outermost rings.

An eclectic mix of name-brand blockchains and lesser-known protocols are included in S&P’s BDM. Weighted according to the index-maker’s rulebook, the coins’ collective returns crunch down to a point-based performance figure.

S&p crypto index constituents

That figure hovered around 2,676 at press time, down 14% for the month of July.

For comparison, S&P’s bitcoin tracker showed it down 450.86 points, or 11.5%, in the same time period.

BDM certainly featured bitcoin and its end-of-June market cap of over $650 billion. But the index, whose average market cap was $4.8 billion according to S&P, largely consisted of small- and mid-cap cryptos whose stories are unknown to the average banker.

One such token is skycoin, a $15 million small-cap with about $387,000 in trading volume.

CoinGecko ranked it in the 660 neighborhood by valuation. In November 2018, now-deceased crypto iconoclast John McAfee had the coin’s logo tattooed on his back.

That might be a result of S&P’s inclusion policies.

S&p ethereum index

M that excludes constituents of the S&P Cryptocurrency LargeCap 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 Cryptocurrency MegaCap 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.

    S&P Digital Market Indices. These new S&P-branded indices will measure the performance of digital assets listed on recognized open cryptocurrency exchanges.

    At launch, the index series includes the following:

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

    Later this year, the S&P Digital Market Indices series will include additional coins and broader-based indices such as large cap and broad market benchmarks.

    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.

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