Amid the growing popularity of cryptocurrencies, S&P Dow Jones Indices has launched a new series of digital asset benchmarks—the S&P Digital Market Indices, which measure the performance of digital assets listed on "recognized open cryptocurrency exchanges," the index shop says. The series includes the S&P Bitcoin Index, S&P Ethereum Index, and S&P Cryptocurrency MegaCap Index.

Later this year, S&P Dow Jones Indices plans to expand the index series to include additional coins and broader-based indexes, such as large-cap and broad market benchmarks.

"Investor demand for benchmarking and index-based solutions based on crypto and blockchain assets is more essential than ever," according to a statement issued by the firm on Tuesday.

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Bernice Napach

Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.

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