S&P Dow Jones Indices launched three cryptocurrency indexes on Monday, for Bitcoin, Ether, and a combination of both with the tickers SPBTC, SPETH, and SPCMC.
This is the first S&P Crypto index.
The announcement came from data from the partner firm Lukka.
S&P’s crypto indexes are set to normalize bitcoin and ether data among Wall Street traders who are very interested in crypto price action.
It also uses Lukka Prime’s methodology for Pricing.