• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

PRESSLED

Your Leading News Source

PRESSLED
Your Leading News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • US
  • Meet the Reporters
  • About/Contact

Here’s how bitcoin is coming to Wall Street

May 14, 2021 by Staff Reporter

Traders will soon be able to track the performance of the world’s two biggest cryptocurrencies on Wall Street, as the S&P Dow Jones Indices announced several crypto indexes.

Two indexes are being launched to track the individual performance of bitcoin and ether, while a third, the S&P Cryptocurrency MegaCap Index, will measure the performance of bitcoin and ether combined.

Later this year the S&P Digital Market Indices series will be expanded to include additional coins and broader-based indices such as large cap and broad market benchmarks, which could mean dogecoin is on its way to the street.

READ  Dogecoin’s chances of hitting $5 in 2021 near 20% as price hits record high

The meme coin is currently the fourth largest cryptocurrency by market capitalisation, after a social media push bounced its price more than 13,590% this year.

The indexes will use pricing data from crypto software provider Lukka.

S&P DJI said access to cryptocurrencies for investors is “more essential than ever” to meet demand. It added that the launch of such indexes may aid Wall Street in “potentially mitigating some of the common risks associated with this traditionally speculative market”.

READ  Billionaires and blockchain – What’s behind the rise of Ethereum?

“Traditional financial markets and digital assets are no longer mutually exclusive markets,” said Peter Roffman, global head of innovation and strategy at S&P DJI.

“As cryptocurrency becomes more mainstream, investors now have access to reliable and transparent benchmarks backed by institutional quality pricing data. We look forward to further expanding our new family of digital market indices and bringing much needed transparency to this exciting market.”

To contact the author of this story with feedback or news, email Emily Nicolle

Originally Appeared On: https://www.fnlondon.com/articles/heres-how-bitcoin-is-coming-to-wall-street-20210505

Filed Under: BUSINESS, MONEY

Primary Sidebar

More to See

For New York Tech, a new marketing campaign

New York Tech has launched a new integrated marketing campaign, appearing on Long Island and in New York City. The “A Place for You” campaign includes … [Read More...] about For New York Tech, a new marketing campaign

Braze for Success launched to encourage long-term brand growth

Duncan is an award-winning editor with more than 20 years experience in journalism. Having launched his tech journalism career as editor of Arabian … [Read More...] about Braze for Success launched to encourage long-term brand growth

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S.S. disability…

FINANCIAL NEWS$2,000 Child Tax Credit 2022: who is eligible for payment?This year the Child Tax Credit will revert back to the program offered by the … [Read More...] about USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S.S. disability…

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · PRESSLED · As Amazon Associates we earn commissions from qualifying purchases · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT