Crypto Stocks and Currencies Earn Their Own S&P Index
The blue bloods in the S&P 500 and Dow Jones Industrial Average will soon welcome their nouveau riche crypto-stock cousins into the family.
They’ll arrive via the new S&P Digital Markets 50 Index, which S&P Global announced Tuesday. In a fitting twist, fintech Dinari is collaborating with S&P to release an investable token that tracks the benchmark.
A Hybrid Approach
Rather than just 50 companies, the S&P Digital Markets 50 will include 15 cryptocurrencies alongside 35 companies from the broader crypto sector. While S&P has launched indices with multiple asset classes before, mixing stocks and cryptocurrencies is a new frontier. Equities listed on the index will be required to have a minimum market cap of $100 million, and…
