S&P Dow Jones Just Delivered Incredible News for Crypto Investors. But Is It a Game-Changer?
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S&P Global launched a new index that will track both cryptocurrencies and crypto-related stocks.
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The launch of the new crypto index could entice investment firms to offer crypto-themed ETFs and mutual funds.
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While index investing is a popular strategy for the stock market, it may not be as effective for crypto market investors.
On Oct. 7, S&P Global (NYSE: SPGI) launched its new S&P Digital Markets 50 Index. This is a new market cap-weighted index from S&P Dow Jones Indices that will track a basket of 50 cryptocurrencies and crypto-related stocks. In theory, it should give investors a quick snapshot look at how the broader crypto ecosystem is performing.
Some have already…
