S&P Dow Jones Indices Launches New Crypto Index
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14 July
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S&P Dow Jones Indices, a leading provider of stock market indices, has just announced the launch of the S&P Cryptocurrency Broad Digital Market (BDM) index, which will track 240 cryptos.

According to the press release, the index uses data from Lukka and will include:

  • S&P Cryptocurrency LargeCap Index: a BDM index that tracks the largest cryptos by capitalization.
  • S&P Cryptocurrency BDM Ex-MegaCap Index: a BDM index that excludes S&P Cryptocurrency MegaCap (Bitcoin and Ether) data.
  • S&P Cryptocurrency BDM Ex-LargeCap Index: a BDM index that excludes data from the S&P Cryptocurrency LargeCap Index (the largest in terms of cryptocurrency capitalization).
  • S&P Cryptocurrency LargeCap Ex-MegaCap Index: a BDM index that tracks data from the S&P Cryptocurrency LargeCap (the largest cryptocurrency by capitalization), with the exception of the components of the S&P Cryptocurrency MegaCap Index (Bitcoin and Ether).

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Representatives of S&P Dow Jones Indices announced at the end of the year the creation of crypto indices amid growing investor interest. The company noted then the indices will simplify work with cryptos and protect investors from speculative risks.

In 2019, the NASDAQ introduced a cryptocurrency index based on 100 crypto assets called CIX100.

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