New York-based financial market insights provider S&P Dow Jones has released another 5 crypto indexes.
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According to the article published by the company on July 13, the primary addition is the S&P Crypto Broad Digital Market Index (BDM). It tracks around 250 cryptocurrencies. The other 4 issued indexes are BDM’s subsets: S&P Crypto BDM-Ex-LargeCap Index, S&P Crypto BDM Ex-MegaCap Index, S&P Crypto LargeCap Index, and S&P Crypto LargeCap Ex-MegaCap Index.
For the implementation of these indexes, S&P Dow Jones partners with crypto development enterprise Lukka.
Thus, the number of crypto indexes delivered by S&P Dow Jones became 8. In May, the platform released indexes of BTC (SPBTC), Ether (SPETH), and an index that follows the market cap of these assets.S&P Dow Jones Indices is a division of S&P Global, which is a leading American publicly traded corporation established in 1888. The Global Innovation Director at S&P Dow Jones, Peter Roffman, commented on the news, saying the additions provide answers to crypto traders. So, they can follow and analyze the market.
Currently, the entire crypto market cap stands at around $1.30 trillion, which means around a 4.70% drop over the last day.