S&P Dow Jones launched the S&P Digital Markets 50, a new index that combines cryptocurrencies and crypto stocks to reflect the integration of digital assets.
He S&P Dow Jones Indicesthe firm responsible for the emblematic S&P 500presented a new index focused on the crypto ecosystem: the S&P Digital Markets 50composed of 15 cryptocurrencies and 35 shares of companies related to digital assets listed on the US market.
As reported by the company, the objective of the new indicator is to reflect in a diversified way the performance of the crypto market, integrating both tokens and companies from the financial and technological sector. Each asset will have a maximum weighting of 5%in order to avoid excessive concentrations.
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What cryptocurrencies would this index include?
The index includes cryptocurrencies with a market capitalization greater than US$300 million and companies with valuations of at least US$100 million. Although S&P has not yet revealed the full composition, market sources confirmed the presence of Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and Binance Coin (BNB)in addition to actions such as Coinbase (COIN) and MicroStrategy (MSTR).
The launch reinforces the integration of the crypto market with the traditional financeby offering a stronger reference for institutional investors and fund managers. “The sustained growth of digital assets has taken them from a marginal role to a well-established one within the financial system,” said the director of products at S&P Dow Jones.
Although he S&P Digital Markets 50 is not directly investable, the launch could open the door to the development of new financial products. In fact, we work in a tokenized version of the index that would allow investing in it directly, with a launch planned for end of 2025.
Source: Ambito
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