S&P Dow Jones Indices is associated with S&P Global Inc., a financial data provider. Both organizations are responsible for helping institutional investors put their money into index funds, and now
they are eyeing cryptocurrencies
as the next frontier. Don’t blink though, it’s coming next year. Institutional investors are going to have even more access to cryptocurrencies. It appears the world of digital assets is evolving faster than even the most enthusiastic crypto holder can anticipate.
How the Launch of These Crypto Index Funds Will Work
S&P Dow Jones Indices is going to use data from a virtual currency company called Luuka in order to get the most up-to-date information and enable the ability to aggregate it. The goal is to use the data to create customized indices and benchmarking tools related to cryptocurrencies so that institutional investors can make informed decisions in real time.
The idea of putting together reliable pricing data as a way of improving the efficiency and reliability of the cryptocurrency market is something that’s already grabbing hold of the industry in other ways.
ChainLink (as in the top 10 of all cryptocurrencies according to market capitalization) and the goal of the project is to aggregate pricing and other kinds of data that smart contracts can use to settle agreements between users. The fact that a properly vetted corporation specializing in creating index funds wants to do the same thing is setting a new standard and further melting together the traditional financial world with cryptocurrencies.
Mainstream Infrastructure Is Finally Grabbing Hold of Cryptocurrencies
At Netcoins, we’ve talked extensively about how institutional investing is grabbing hold of cryptocurrencies . Usually when we talk about that, we are talking about a billionaire putting $50 million or $100 million into Bitcoin . But the other aspect of building institutional infrastructure for the sake of investing is protecting investors on a large scale.
American investing firm Fidelity Investments and Japan’s Hamura Holdings Inc. are aiming to make accessing cryptocurrencies on major exchanges easier and also safeguarding those investing products. They hope this will make it easier on investors to go big on cryptocurrencies and give them the peace of mind of knowing that they are still backed by regulators if something bad happens.
When the infrastructure is strong, the money pouring in will continue to grow exponentially. That’s great news for you, the investor.
If you’re looking to purchase Bitcoin or other cryptocurrencies,
. Netcoins is a fully regulated crypto trading platform in Canada.
If you want to learn more about all things in crypto, read more here.
Written by: Jack Choros
Writer, content marketing at Netcoins.
The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
.png)
