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S&P Launches Three Crypto Indexes Including Bitcoin And Ethereum
Summary: Standard & Poor's Dow Jones Indices released three cryptocurrency indexes on Monday, with the codes SPBTC, SPETH, and SPCMC, representing Bitcoin, Ethereum, and MegaCap, a combination of the two, respectively. S&P stated in the FAQ that it uses Lukka Prime's "fair market pricing" method to express asset prices in points instead of U.S. dollars. This ...
Standard & Poor's Dow Jones Indices released three cryptocurrency indexes on Monday, with the codes SPBTC, SPETH, and SPCMC, representing Bitcoin, Ethereum, and MegaCap, a combination of the two, respectively.
S&P stated in the FAQ that it uses Lukka Prime's "fair market pricing" method to express asset prices in points instead of U.S. dollars. This method produced the following valuation on Monday afternoon: BTC is 7,611, ETH is 24,811 and MegaCap is 5,617.
S&P spokesperson Ray McConville said that each index measures price appreciation, not actual prices. By comparing the two indexes, we can see that the year-to-date value of Bitcoin has increased by 95.67%, while the year-to-date value of ETH has increased by 273.72%.
By Mary Liu
Tags: Bitcoin,Ethereum,S&P
Link: S&P Launches Three Crypto Indexes Including Bitcoin And Ethereum [Copy]
