With the Introduction of New Crypto Indices, Wall Street has Embraced Bitcoin and Ethereum.
The Crypto Market is Now within the Wall street Walls.
A major US index has released crypto indices that monitor the output of bitcoin and ethereum.
The S&P Dow Jones index plans to include at least 550 of the most common digital coins in the future.
The indexes will be based on data from Lukka, a New York-based business.
New cryptocurrency indexes available on Wall Street trading floors enable investors to add bitcoin and ethereum to their portfolios.
S&P (Standard & Poor's) The S&P Bitcoin Index, S&P Ethereum Index, and S&P Cryptocurrency MegaCap Index are among three new indices launched by Dow Jones to monitor the output of the two digital currencies.
The plans were first revealed by the S&P Global division in December. In a tweet, Sharon Leibowitz, senior director of innovation and strategy at S&P DJI, said, "The cryptocurrency space is unlike traditional financial markets, and certainly unlike the ones we have benchmarked at S&P DJI over the last 100 years."
S&P Dow Jones said in a statement that more cryptocurrencies will be added in the future. The crypto indexes will monitor data from Lukka, a virtual currency company based in New York.
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