S&P Launches Crypto-Stock Index With Strict Market Cap Criteria

S&P Unveils New Crypto Index Merging Tokens and Stocks

  • S&P Dow Jones Indices introduced a new index combining major cryptocurrencies and crypto-related stocks.
  • The index, called S&P Digital Markets 50, includes 15 cryptocurrencies and 35 equities in the crypto sector.
  • Companies must have a market capitalization of at least $100 million to qualify; cryptocurrencies need a minimum value of $300 million.
  • No single asset in the index will have a weighting above 5%.
  • The index will be updated quarterly, following the same governance as other S&P benchmarks.

S&P Dow Jones Indices has launched the S&P Digital Markets 50, a new index that includes both traditional stocks and cryptocurrencies linked to the digital asset sector. The launch was announced on Tuesday in partnership with blockchain company Dinari.

- Advertisement -

The S&P Digital Markets 50 index will feature 15 of the most prominent cryptocurrencies alongside 35 publicly traded companies involved with cryptocurrencies and blockchain technology. Eligible stocks must have a market capitalization of at least $100 million, while cryptocurrencies must have a market value of no less than $300 million.

According to a report from Barron’s, the index prevents any single asset from making up more than 5% of the total composition. The index will be reviewed and rebalanced every quarter, using the same standards and governance as existing S&P indices.

“Cryptocurrencies and the broader digital asset industry have moved from the margins into a more established role in global markets,” said Cameron Drinkwater, Chief Product Officer at S&P Dow Jones Indices. He added that this new offering gives investors a systematic way to track the digital asset sector.

Qualifying companies can include businesses involved in cryptocurrency mining, blockchain technology, and other related services. The S&P Digital Markets 50 is the first index from S&P Dow Jones Indices to blend equities and digital assets, reflecting growing institutional interest in the sector.

- Advertisement -

Previous Articles:

- Advertisement -

Latest News

Palihapitiya: Bitcoin’s Public Ledger A “Structural Failing”

Billionaire investor Chamath Palihapitiya argues Bitcoin has a "structural failing" in fungibility and privacy,...

Justin Sun’s Rednote Account Banned Amid Stock Drop

Tron founder Justin Sun has been banned from Rednote (Xiaohongshu), losing his last major...

BTC Death Cross Looms: Bullish Catalyst Needed to Save Rally

Bitcoin's price rally this week is confronting a stern technical warning that the broader...

New RFP Guide for AI Governance & Usage Control

Security leaders have new budgets for AI security but often lack clear requirements for...

China Pushes Banks to Buy Dollars, Curb Surging Yuan

The People’s Bank of China is urging state-run banks to purchase more US dollars...

Must Read

Top Best Metaverse Worlds To Buy Land

The metaverse has grown in our everyday conversation since Facebook announced its rebranding in October 2021 to META. The metaverse is a virtual world,...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!