S&P Goes Live With Bitcoin, Ethereum Crypto Indexes
The financial data giant has launched its first three crypto index products.
The index company's Broad Digital Market tracker dives deep – very deep – into the digital asset universe, CoinDesk found.
Buyers are snapping at bitcoin whenever it dips to $30,000, but the cryptocurrency’s price response to faster inflation readings is puzzling Wall Street analysts.
The crypto mining and data firm’s new index product seeks to capture public-market sentiment on the firms pumping out new coins.
It’s the first major expansion of S&P’s crypto benchmarking tools since entering the market in May.
The index publisher’s CEO said he has spoken to experts and didn’t give a timeframe for a decision.