Boutique Media & consulting group

BTC
$43399
ETH
$3022
BNB
$376
XRP
$0.99
ADA
$2.22

S&P Dow Jones Indices Launches BTC And ETH Indexes

S&P Dow Jones Indices has launched 3 new digital asset indices. The S&P BTC Index, S&P ETH Index, and S&P Crypto Mega Cap Index (a composite of BTC and ETH) will permit retail traders to effortlessly obtain exposure to the top two virtual assets by market capitalization.

Notably, the aforementioned indices can be used as benchmarking tools in the legacy finance space, and the more trustworthy pricing from a dependable source will prevent investors from having to connect to shady digital asset APIs that may not certainly provide the accurate pricing data. S&P is of the opinion that the aforementioned move will make it easier for investors to access the virtual currency asset class, and they claim that this will decrease a couple of the risks of the speculative & volatile digital asset market.

The newly launched indices make use of data from Lukka, which is a digital asset data provider. Lukka’s process fetched data from numerous crypto exchanges on the basis of transparency, data integrity, and a couple of other factors to figure out their incorporation in the final price weightage.

The indices will be available on most major index catalogs under the tickers SPBTC, SPETH, and SPCMC respectively. This will guarantee that investors won’t stay overexposed or underexposed to one of them in the case of a far reaching price movement that shifts the index’s basket ratio by a strikingly large extent.

Leave a reply

Leave a Reply

Film News