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Bitcoin, ethereum get S&P cryptocurrency indexes

05/04/2021 | 04:23pm EDT

Cryptocurrencies received another push into the mainstream Tuesday with S&P Dow Jones Indices launching new cryptocurrency indexes.

The same company behind the S&P500 and Dow Jones stock market gauges launched the S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, as a way of bringing the digital currencies to Wall Street trading floors.

The indexes will measure the performance of the digital assets tied to them.

More crypto-indices will be launched later in the year.

Bitcoin, the most popular cryptocurrency, has seen a wild rally in prices after backing from high-profile companies including Tesla.

Falling below the $54,000 price tag on Tuesday, bitcoin is off recent highs, but still up nearly 300 percent over the past six months.

Ethereum, meanwhile, touched a record high above $3,500 on Tuesday after rising above $3,000 for the first time over the weekend.


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO 1.15% 46729.67 Real-time Quote.95.77%
BITCOIN - UNITED STATES DOLLAR 1.32% 56762.01 Real-time Quote.93.90%
DJ INDUSTRIAL -1.18% 34315.84 Delayed Quote.13.63%
ETHEREUM (ETH/EUR) 1.82% 3340.02 Real-time Quote.444.88%
ETHEREUM - BITCOIN 0.76% 0.0714 Real-time Quote.178.42%
ETHEREUM - UNITED STATES DOLLAR 1.98% 4055.78 Real-time Quote.440.14%
TESLA, INC. -0.62% 624.682 Delayed Quote.-10.86%
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