<span style="font-weight: 400">S&amp;P Dow Jones has <a href="https://www.prnewswire.com/news-releases/sp-dow-jones-indices-launches-sp-cryptocurrency-broad-digital-market-index-301332698.html" target="_blank" rel="nofollow noopener">introduced</a> five new crypto indexes in the first significant expansion of its recently launched series of digital asset benchmarks. </span>

<span style="font-weight: 400">The new launch is headlined by the Broad Digital Market (BDM) Index, which is designed to provide a wide snapshot of the digital assets market and covers more than 240 different tokens. </span>
<h2><span style="font-weight: 400">S&amp;P Dow Jones Launches New Crypto Indexes</span></h2>
<span style="font-weight: 400">The leading index provider has announced four other indices, which are essentially a subset of the BDM index. These include: the LargeCap Index centered on the performance of larger cryptos, the Ex-MegaCap Index, which excludes Ethereum and Bitcoin, the Ex-LargeCap Index, which excludes everything from the LargeCap and the LargeCap Ex-MegaCap Index that tracks the constituents of LargeCap Index and eliminates the assets under MegaCap Index.</span>

<span style="font-weight: 400">To determine the eligibility and prices of the featured cryptocurrencies, S&amp;P uses pricing data from Lukka, a crypto-asset software provider. The company partnered with Lukka last year as part of its strategy to enter the crypto sector and has since announced indices for<a href="https://www.cryptoknowmics.com/news/data-suggests-that-the-bitcoin-mining-business-is-on-the-mend/"> Bitcoin</a> and <a href="https://www.cryptoknowmics.com/news/ethereum-defi-ecosystem-witnesses-exponential-growth-unique-addresses-quantity-tripled/">Ethereum</a> and a combined index that tracks both currencies.</span>

<span style="font-weight: 400">S&amp;P is responsible for two of the most popular market indicators -- S&amp;P 500 and Dow Jones Industrial Average (also known as “the Dow”). Its first index was invented by Charles Dow in 1884 and the company has since developed other metrics to help investors navigate the ups and downs in the market.</span>
<h2><span style="font-weight: 400">S&amp;P Targets Its Digital Market Indices at Crypto Investors</span></h2>
<span style="font-weight: 400">S&amp;P believes the growing crypto market needs “transparent benchmarking” and “index-based solutions” that make it easier for investors to access this technology-based emergent asset class.  Peter Roffman, Global Head of Innovation and Strategy at S&amp;P Dow Jones Indices, opines that the new digital asset indices provide crypto investors with the same insights that benefitted traditional asset owners for more than a century.</span>

<span style="font-weight: 400">It’ll be interesting to see how the crypto community reacts to S&amp;P’s new digital asset indicators, given its dependence on Bitcoin’s price to gauge market conditions.</span>

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S&amp;P Dow Jones Adds New Crypto Indexes to its Digital Asset Benchmarks

S&P Dow Jones has introduced five new crypto indexes in the first significant expansion of its recently launched series of digital asset benchmarks. 

Divya is a postgraduate from Jawaharlal Nehru University specializing in International Relations and a professional writer with more than 5 years of experience writing for the web. She is an avid reader interested in the global financial system and the effects of decentralization. At Cryptoknowmics, she hopes to deliver clear and understandable content to inform readers about the latest events in the crypto sector.

S&P Dow Jones Adds New Crypto Indexes to its Digital Asset Benchmarks

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