S&P Global, the company behind the well-known S&P 500, is taking a big step towards the crypto world. The financial giant is launching the S&P Digital Markets 50 Index, a new index that brings together 15 crypto coins and 35 listed companies from the sector. In this way, S&P wants to offer investors an easy way to gain exposure to both crypto and traditional markets in one go.
Crypto and shares in one basket
The new index is a mix of established coins and major companies from the blockchain world. Only companies with a market capitalization of at least $100 million and cryptocurrencies with a value of at least $300 million are eligible. No asset may represent more than 5 percent of the total, and the composition is adjusted quarterly.
“Digital assets are no longer marginal, but an integral part of global markets,” said Cameron Drinkwater of S&P Dow Jones Indices. “With this expansion, we offer investors a reliable way to follow this fast-growing sector.”
Bridge between Wall Street and Web3
According to S&P, the Digital Markets 50 Index is a bridge between Wall Street and Web3, allowing investors to benefit from the growth of crypto without fully exposing themselves to volatility.
Blockchain company Dinari, which is working on the index together with S&P, also makes the whole thing investable via a token on the blockchain. “We don’t just tokenize an index. We bring the traditional financial system to the blockchain,” says Anna Wroblewska of Dinari.
Launch in historically strong crypto market
The timing is striking. Bitcoin (BTC) reached an all-time high of over $126,000 this week, while the total crypto market topped $4.4 trillion. Dinari is expected to launch the associated investable token before the end of 2025.
Source: https://newsbit.nl/sp-500-lanceert-nieuwe-index-gericht-op-bitcoin-en-crypto/
