{"id":46071,"date":"2021-07-14T13:12:17","date_gmt":"2021-07-14T10:12:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46071"},"modified":"2025-09-01T14:30:22","modified_gmt":"2025-09-01T11:30:22","slug":"sp-dow-jones-indices-unveils-new-line-of-cryptocurrency-indices","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sp-dow-jones-indices-unveils-new-line-of-cryptocurrency-indices\/","title":{"rendered":"S&#038;P Dow Jones Indices Unveils New Line of Cryptocurrency Indices"},"content":{"rendered":"<p>The S&#038;P Dow Jones Indices, the index provider and unit of U.S. data firm S&#038;P Global, has launched the new cryptocurrency index S&#038;P Cryptocurrency Broad Digital Market (BDM), comprising 243 assets with a combined market capitalization of $1.2 trillion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">S&#038;P DJI is proud to announce the launch of our latest cryptocurrency indices, featuring the new S&#038;P Cryptocurrency Broad Digital Market (BDM) Index, wihch seek to provide transparency with a wide snapshot of the cryptocurrency market.<br \/> <a href=\"https:\/\/t.co\/tu9cJ8A3mb\">https:\/\/t.co\/tu9cJ8A3mb<\/a> <a href=\"https:\/\/t.co\/2TR4bJPpq0\">pic.twitter.com\/2TR4bJPpq0<\/a><\/p>\n<p>\u2014 S&#038;PDowJonesIndices (@SPDJIndices) <a href=\"https:\/\/twitter.com\/SPDJIndices\/status\/1415004379879559173?ref_src=twsrc%5Etfw\">July 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to a press release, the BDM covers about 80% of the cryptocurrency market&#8217;s total capitalization (around $1.3 trillion, according to CoinGecko). The index is based on data and methodology from New York-based Lukka. The parties <a href=\"https:\/\/forklog.com\/en\/news\/sp-dow-jones-indices-to-launch-cryptocurrency-indices\">have been collaborating<\/a> since December 2020.<\/p>\n<p>To be included in the BDM, an asset must meet the following criteria:<\/p>\n<ul class=\"wp-block-list\">\n<li>at the time of inclusion in the index its market capitalization is $10 million or more;<\/li>\n<li>it has sufficient liquidity \u2014 its three-month median daily trading volume (MDVT) is at least $100,000;<\/li>\n<li>its developers published an official technical document.<\/li>\n<\/ul>\n<p>The company decided to exclude stablecoins from the BDM, as they do not reflect market growth or contraction. Privacy-focused cryptocurrencies were also not included in the index.<\/p>\n<p>The company reserved the right to remove assets that become the subject of regulatory or legal action.<\/p>\n<p>In addition to BDM, the organization introduced four narrower indices:<\/p>\n<ul class=\"wp-block-list\">\n<li>S&#038;P Cryptocurrency BDM Ex-MegaCap Index \u2014 BDM excluding data on Bitcoin and Ethereum (S&#038;P Cryptocurrency MegaCap Index);<\/li>\n<li>S&#038;P Cryptocurrency LargeCap Index \u2014 BDM tracking the largest-cap cryptocurrencies by market capitalization;<\/li>\n<li>S&#038;P Cryptocurrency BDM Ex-LargeCap Index \u2014 BDM excluding Cryptocurrency LargeCap;<\/li>\n<li>S&#038;P Cryptocurrency LargeCap Ex-MegaCap Index \u2014 BDM tracking Cryptocurrency LargeCap data without including Cryptocurrency MegaCap constituents.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"715\" height=\"226\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-497.png\" alt=\"S&#038;P Dow Jones Indices \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u0438\u043b\u0430 \u043d\u043e\u0432\u0443\u044e \u043b\u0438\u043d\u0435\u0439\u043a\u0443 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u043d\u044b\u0445 \u0438\u043d\u0434\u0435\u043a\u0441\u043e\u0432\" class=\"wp-image-142432\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-497.png 715w, https:\/\/forklog.com\/wp-content\/uploads\/1-497-300x95.png 300w\" sizes=\"auto, (max-width: 715px) 100vw, 715px\" \/><figcaption>The S&#038;P cryptocurrency index family. Data: S&#038;P Dow Jones Indices.<\/figcaption><\/figure>\n<p>The company noted that the new suite of indices offers a broader view of the market, unlike the <a href=\"https:\/\/forklog.com\/en\/news\/sp-launches-bitcoin-and-ethereum-indices\">S&#038;P Bitcoin Index and S&#038;P Ethereum Index launched in May<\/a>, which focus on the largest-cap assets.<\/p>\n<p>In October 2019, Nasdaq introduced the CIX100 index based on 100 crypto assets.<\/p>\n<p>In December 2020, the Chicago Board Options Exchange <a href=\"https:\/\/forklog.com\/en\/news\/cboe-to-launch-a-lineup-of-crypto-indices-suitable-for-etf-creation\">announced the launch of cryptocurrency indices<\/a>, suitable for creating <span data-descr=\"exchange-traded fund\" class=\"old_tooltip\">ETF<\/span>.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&#038;P Dow Jones Indices, a unit of the U.S. financial-data provider S&#038;P Global, launched the new cryptocurrency index S&#038;P Cryptocurrency Broad Digital Market, comprising 243 assets with a combined market capitalization of $1.2 trillion.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1616,2058,1513],"class_list":["post-46071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-index","tag-lukka","tag-standard-and-poors"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46071"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46071\/revisions"}],"predecessor-version":[{"id":46072,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46071\/revisions\/46072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}