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

XRP Tops $2 on ETF Inflows, Regulatory Shift Fuels Rally Now

XRP climbed above $2 on Friday, its highest level since mid-December.SoSoValue data shows U.S....

Analyst: Exchange Wallets Skew ‘Whale Accumulation’ Data Now

Dogecoin, Cardano, and XRP led gains as short-covering and liquidations accelerated on Friday.Bitcoin traded...

Coinbase exec says CLARITY Act on right track despite delays

Coinbase executive John D’Agostino says the Digital Asset Market Clarity Act (CLARITY Act) is...

Nvidia rallies on China comeback; Wall Street eyes $300 soon

NVIDIA plans to raise H200 chip production to meet strong demand from China.President Donald...

Aave CEO Urges RWA Push After Governance Vote Rejection Now.

Stani Kulechov outlined a wider strategy after a governance vote rejected a proposal to...
- Advertisement -

Must Read

Symbiosis Crypto Bridge: Your Guide to Moving Assets Between Blockchains

What is a Cross-Chain Crypto Bridge?Why Choose Symbiosis for Your Cross-Chain Needs?Support for 50+ BlockchainsAutomatic Routing for the Best RatesNo Need for RegistrationDirect Wallet...
Bitcoin (BTC) $ 89,963.00 1.35%
Ethereum (ETH) $ 3,108.76 3.03%
XRP (XRP) $ 2.03 8.31%
Bittensor (TAO) $ 254.93 7.16%
Polkadot (DOT) $ 2.15 7.57%
Cardano (ADA) $ 0.393518 9.95%
Chainlink (LINK) $ 13.20 2.04%
Hyperliquid (HYPE) $ 25.06 1.68%
Monero (XMR) $ 426.91 2.17%
Hedera (HBAR) $ 0.120858 4.16%
Toncoin (TON) $ 1.82 6.69%