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Home Tech Crypto S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether

S&P launches cryptocurrency indexes, debuting with Bitcoin and Ether

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    Summary (IA Generated)

    S&P Dow Jones Indices, a major global resource for index-based data and research, has introduced its first cryptocurrency indices amid a renewed surge on crypto markets.

    The company announced Monday that it launched three crypto indices tied to the performance of the two largest cryptocurrencies: Bitcoin (BTC) and Ether (ETH).

    The newly introduced indices include Bitcoin-based S&P Bitcoin Index (SPBTC), Ether-based S&P Ethereum Index (SPETH), and S&P Cryptocurrency MegaCap Index (SPCMC), which is designed to track the performance of BTC and ETH weighted by market cap.

    The company stressed that the new crypto indices are designed to measure the performance of crypto assets listed on recognized, open exchanges that meet minimum liquidity and market capicalitazion requirements.

    The move comes amid a renewed rally on crypto markets, with Ether — the second-largest crypto by market cap — hitting a new all-time high above $3,400 on Monday.


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