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S&P Dow Jones carries bitcoin, a Wall Street ethereum with cryptocurrency indices

The S&P Dow Jones indexes released new cryptocurrency indices, he said on Tuesday, further integrating digital currencies, including bitcoin and ethereum, by bringing them to the trading floors of Wall Street.

The new indices, the S&P Bitcoin Index, the S&P Ethereum Index and the S&P Crypto Mega Cap Index, will measure the effectiveness of the digital assets associated with them.

The list will expand to include additional coins later this year, financial data provider S&P Global said.

The company first announced the plan in December, when it said it would cover more than 550 of the most traded coins and that its customers would be able to create custom indexes and other cryptocurrency benchmarking tools.

Presentation of the virtual currency Bitcoin can be seen in front of the stock chart of this illustration, made on March 15, 2021. REUTERS / Dado Ruvic / Illustration

“Traditional financial markets and digital assets are no longer mutually exclusive markets,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.

The indices will use data from the New York-based virtual currency company Lukka.

Bitcoin, the most popular cryptocurrency, has seen a sharp rise in prices after support from well-known companies, including Tesla (TSLA.O) and Bank of NY Mellon (BK.N). However, its price has reached record highs.

Meanwhile, Ethereum reached a record high on Monday after exceeding $ 3,000 for the first time over the weekend.

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