S&P Dow Jones Indices Issued BTC and Ether Indexes

Widely followed American stock market S&P Dow Jones presented indexes of BTC and Ether.

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The entity first disclosed the intention in December 2020. The initial plan was to launch indices for the leading 550 most exchanged crypto coins and tokens.

Released S&P Bitcoin Index (SPBTC) and S&P Ethereum Index (SPETH) follow the execution of BTC and Ether. There is also S&P Cryptocurrency MegaCap Index (SPCMC) that traces the market caps.

S&P Dow Jones partners with Lukka, a solution, and data for managing crypto assets to get data about pricing and more.

The values of the S&P BTC, S&P Ether, and S&P MegaCap indices were at 7,678.36, 29,405.14, and 5,895.79, correspondingly, as of 3 May 2021.

The news came when there is a high interest and institutional demand for crypto. The entire crypto market cap stands at around $2.31 trillion. BTC trades at above $55.400 and Ether at around $3.300.

S&P Dow Jones Indices is a division of S&P Global, which is a leading American publicly traded corporation established in 1888.