A major financial data provider is bringing Bitcoin and Ethereum to Wall Street.
The S&P Dow Jones Indices is launching three new indices tracking the performance of the top two digital assets: the S&P Bitcoin Index, S&P Ethereum Index and S&P Cryptocurrency MegaCap Index.
“Traditional financial markets and digital assets are no longer mutually exclusive markets,” says 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. We look forward to further expanding our new family of Digital Market Indices and bringing much needed transparency to this exciting market.”
The listed crypto indexes will track data from New-York based virtual-currency company Lukka.
Additionally, the S&P Dow Jones Indices plans to expand its index series to cover more digital coins in the future.
The news comes amid a stellar week for Ethereum, which hit another all-time high Thursday of $3,597, according to CoinGecko.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/zeber
