S&P Dow Jones Indices launches cryptocurrency indices

[BENGALURU] The S&P Dow Jones Indices, a division of financial data provider S&P Global, said on Tuesday it had launched cryptocurrency indices.

The new indices, the S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, would measure the performance of bitcoin, ethereum and digital assets.

The move to dive into the space had been announced in December last year.

The indices will use data from New York-based virtual currency company Lukka, the company said.

Later this year, the new index series will expand to include additional coins, S&P DJI said.

REUTERS