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S&P Goes Live With Bitcoin, Ethereum Crypto Indexes
S&P Dow Jones Indices launched its first three cryptocurrency indexes Monday, according to documents reviewed by CoinDesk. The crypto indexes, S&P’s first, carry ticker symbols SPBTC, SPETH and SPCMC – one for bitcoin, ether and a “MegaCap” combo of the two. An accompanying methodology document stated the trio launched Monday using data from partner firm Lukka. S&P’s crypto indexes are poised to further normalize bitcoin and ether data among Wall Street traders hungry to decode crypto price action. The product suite goes up against existing indexes from Bloomberg and Galaxy. In an FAQ, S&P said it uses ... (full story)
