Market Overview

Bitcoin arrives on Wall Street: S&P Dow Jones launching crypto indexes in 2021

S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed.

In a press release on Thursday, S&P DJI describes Bitcoin (BTC) and altcoins as an “emerging asset class.”

The firm will partner with Lukka, a U.S. blockchain data provider, to launch the indexes, which will cover a reported 550 cryptocurrencies.

“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” Peter Roffman, global head of innovation and strategy at S&P DJI, state in the press release.

The move marks the latest commitment from Wall Street to embrace Bitcoin and other digital currencies, underscoring interest from the institutional sphere.

Bitcoin arrives on Wall Street: S&P Dow Jones launching crypto indexes in 2021, CoinTelegraph, Dec 3

Article Rating