Index giant, crypto ETP issuer push diversification in latest product plans
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Firms continue responding to investor calls for diversified exposure to a crypto space becoming more entwined with the traditional financial system.
S&P Global is a few weeks from offering a Digital Markets 50 Index that would blend 15 tokens with 35 crypto-linked equities involved in digital asset operations, infrastructure, financial services, blockchain applications, etc. This mix of crypto stocks and tokens is a first for the index giant.
The company did not reveal the index’s specific holdings, but noted tokens would be selected from the S&P Cryptocurrency Broad Digital Market Index (a benchmark with BTC, ETH, XRP, BNB…
