S&P Dow Jones Indices – a top-tier international resource for index-based data and research – has reportedly rolled out its first crypto indexes, during the time of a renewed growth on crypto markets. 

Specifically, the firm reportedly disclosed on May 3rd that it had rolled out three crypto indexes, associated with the performance of the top one and top two digital coins – Bitcoin (BTC) and Ether (ETH). 

The freshly rolled out indexes include Bitcoin-based S&P Bitcoin Index (SPBTC), Ether-based S&P Ethereum Index (SPETH), and S&P Cryptocurrency MegaCap Index (SPCMC), which is specifically, built dedicated to tracking the performance of BTC and ETH, weighted by market capitalization.

Three of the indexes are reportedly accessible across S&P’s website.

The firm reportedly emphasized that the new crypto indexes are particularly developed for the measurement of crypto assets performance, listed on recognized, open exchanges, which satisfies minimum liquidity and market capitalization requirements. 

“The indices aim to bring transparency to the emerging cryptocurrency market,” The S&P Dow Jones Indices reportedly remarked. 

S&P crypto pricing and reference information reportedly come from crypto accounting and data firm Lukka. The company receives support from S&P DJI’s parent firm S&P Global, together with billionaire investor George Soros and accounting advisor CPA.com.

S&P DJI has reportedly previously disclosed its plan for releasing cryptocurrency indexes in the latter half of 2021, with a goal to include a maximum of 550 digital assets.

S&P DJI’s recent plan to establish its footprint into the crypto market is reportedly a significant milestone for crypto adoption by traditional finance.