S&P Dow Jones will launch a cryptocurrency index

S&P Dow Jones Indices, behind the leading US stock indices, the S&P 500 and Dow Jones, will begin tracking bitcoin prices in 2021. The company will launch a separate index for cryptocurrencies.

The index was developed in collaboration with Lukka, a cryptocurrency data integrator. The development of the cryptocurrency asset market in recent years has stimulated investor interest in their comparative analysis and high-quality quotes, writes Dow Jones.

The new cryptocurrency indexing capabilities should make it easier for investors to access this new asset class and potentially mitigate some of the overall risks associated with its high speculativeness, explained Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.

• At the end of November, bitcoin quotes updated their all-time high and amounted to $19,857. Cryptocurrency supporters expect further growth in its rate up to $22,000.

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After a peak in 2017, the price of bitcoin fell by 70% in the following. This time the rise of cryptocurrencies is different from that speculative bubble, some investors believe. About the ups and downs of bitcoin and what can be expected from the current rally, we wrote here .