SP Dow Jones will launch cryptocurrency indices in 2021

SP Dow Jones indices, a joint venture between SP Global, CME Group and News Corp, confirmed this will present cryptocurrency indices in 2021.

In a press release on Thursday, SP DJI describes Bitcoin (BTC) and Altcoins as “emerging asset classes”.

Bitcoin and Altcoins hit Wall Street Finance

The company will partner with Lukka, a US blockchain data provider to start the indexes that They cover 550 reported cryptocurrencies.

SP Dow Jones will launch cryptocurrency indices in 2021
SP Dow Jones will launch cryptocurrency indices in 2021

“With digital assets such as cryptocurrencies, which are becoming a rapidly growing asset class, Now is the right time for user-friendly, reliable and independent benchmarking. “, It says Peter Roffman, SP DJI Global Leader for Innovation and Strategy, in the press release.

“We are very excited to be working with Lukka, who is at the forefront of data services for digital assets, to drive greater transparency in this emerging sector.”

The move marks Wall Street’s recent commitment to introducing Bitcoin and other digital currencieswhich underlines the interest of the institutional sphere.

“Our collaboration with SP DJI is another milestone that bridges the gap between the crypto asset ecosystem and traditional financial services.”added Robert Materazzi, CEO of Lukka.

“In a rapidly maturing industry, building institutional standards is paramount when working with respected brands like SP DJI. Lukka is excited to work with SP DJI to help drive continuous innovation. “

The statement did not specify which specific cryptocurrencies should be covered. or the methodology behind your selection if it is not based on market capitalization.

The measurement takes place when Bitcoin is setting new all-time highs on various exchanges and challenging the resistance with $ 20,000.

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