CRYPTONAIRE
WEEKLY CRYPTO investment journal
Bitcoin arrives on Wall Street: S&P Dow Jones launching crypto indexes in 2021
S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Thursday, S&P DJI describes Bitcoin (BTC) and altcoins as an “emerging asset class.”
Bitcoin and altcoins hit Wall Street finance The firm will partner with Lukka, a U.S. blockchain data provider, to launch the indexes, which will cover a reported 550 cryptocurrencies. “With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” Peter Roffman, global head of innovation and strategy at S&P DJI, state in the press release. “We’re excited to work with Lukka, who has been at the forefront of digital asset data services, to promote more transparency in this nascent sector.” The move marks the latest commitment from Wall Street to embrace Bitcoin and other digital currencies, underscoring interest from the institutional sphere. Read more...
Cryptonaire Weekly | December 8th 2020
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