S&P Dow Jones Indices, the division of the American financial data provider S&P Global, launched indices based on Bitcoin, Ethereum, and a basket of these cryptocurrencies.<\/p>\n
Products under the S&P DJI brand use data and calculation methodology from the New York firm Lukka. The companies agreed to collaborate<\/a> in December 2020.<\/p>\n The S&P Bitcoin Index has the ticker SPBTC<\/a>, the S&P Ethereum Index \u2014 SPETH<\/a>, tracking the performance of the two preceding assets of the S&P Crypto Mega Cap Index \u2014 SPCMC<\/a>.<\/p>\n Indices are calculated in points, not in U.S. dollars. According to S&P spokesperson Ray McConville, rather than representing actual value, they reflect price growth.<\/p>\n The data are calculated on business days. They are available by subscription to clients of the service. Rebalancing is conducted quarterly.<\/p>\n The instruments will compete with Bloomberg and Galaxy’s counterparts.<\/p>\n In December 2020, CBOE<\/span> announced<\/a> the creation of cryptocurrency indices.<\/p>\n Methodology Sp Digital Market Indices<\/a> by ForkLog<\/a> on Scribd<\/p>\n