S&P Dow Jones launches new cryptocurrency index

S&P Dow Jones Launches 5 More Crypto Indexes; One Tracks 240 Coins

S&P Dow Jones launches new cryptocurrency index

It’s the first major expansion of S&P’s crypto benchmarking tools since entering the market in May.

Cryptocurrency Unlimited believes this is one of the first steps in cryptocurrency becoming standard.

S&P’s website said the “index is meant to reflect a broad investable universe.” S&P’s crypto data partner Lukka did not immediately respond to CoinDesk. HXRO is the 240th-largest cryptocurrency by market capitalization, according to CoinGecko, though it’s unclear if S&P’s selection criteria is based on size.

This is great news for bitcoin & cryptocurrency.

by David Gawler, Cryptocurrency Unlimited.