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S&P, Dow Jones bring bitcoin, ethereum to Wall St with crypto indexes

The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them

Bitcoin
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Bitcoin | Representational image

Reuters
The S&P Dow Jones Indices launched new cryptocurrency indexes, it said on Tuesday, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street.
 
The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them.
 
The list will expand to include additional coins later this year, the division of financial data provider S&P Global said.
 
The company first announced the plan in December when it said it would cover more than 550 of top-traded coins and that its clients