S&P Dow Jones Indices launches crypto indexes

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The S&P Dow Jones Indices, a division of financial data provider S&P Global, today said it had launched cryptocurrency indexes.

The S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index will measure the performance of bitcoin, ethereum and digital assets.

The move to measure each space was originally announced in December last year.

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New York-based virtual currency firm Lukka will provide data to the indexes, the company said.

S&P added that later this year, the new index series will expand to additional coins.

The announcement came on a day where fine arts firm Sotheby’s said it would accept bitcoin and ethereum as payment for Banksy’s iconic artwork “Love is in the Air”.

This was a first for a physical art auction and the latest sign of growing mainstream acceptance of cryptocurrencies.

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