More Multi-Asset Crypto ETFs Are On the Way. What Investors Need to Know.
Key Takeaways
- Market-cap weighted crypto indexes underpin funds that hold huge slugs of bitcoin and ether, but plans for new ones could expand beyond the biggest and well-known coins.
- The latest comes from S&P Global, which blends coins and cryptocurrency-linked stocks in one index.
Big-stock indexes helped draw Americans into the stock market in droves. Will crypto indexes do the same for digital currency?
A big name in the index business this week made the latest bid to do just that. S&P Global (SPGI), the shop behind the S&P 500 and the Dow Jones Industrial Average, unveiled a crypto-specific blend, adding to its list of a couple dozen other crypto indexes. S&P Global’s Digital Markets 50 Index will be made up of 15 tokens and…
