S&P to Debut New Index Tracking Crypto Assets and Public Companies

Core Insights - S&P Dow Jones Indices is launching a new index, the S&P Digital Markets 50 Index, which will track 35 companies in the cryptocurrency sector and 15 selected cryptocurrencies [1][3] - The index aims to provide market participants with consistent, rules-based tools for evaluating and gaining exposure to the digital asset space [3] Company and Industry Summary - The S&P Digital Markets 50 Index will include companies involved in infrastructure, financial services, and blockchain applications, while meme coins will be excluded [1][2] - The index is set to debut in a few weeks, with treasury companies being eligible for inclusion [2] - The collaboration between Dinari and S&P Global aims to create a token that tracks the new benchmark, allowing investors to access both U.S. equities and digital assets in a single product [3][4] - The announcement comes amid a rally in crypto markets, particularly for Bitcoin mining companies, as Bitcoin reached a new all-time high of $126,080, reflecting a 34% increase year-to-date [4][5] - The rise in Bitcoin's value coincides with gold surpassing $4,000 per ounce, indicating investor concerns about the U.S. economy and currency value [5]