Tag Archives: Cryptocurrency
The Role of Buffers in Reducing Index Churn in Crypto Indices
In the digital asset market, index rebalancing presents a heightened challenge relative to traditional asset classes. Market capitalizations in digital assets exhibit significantly higher short-term volatility, and the investable universe evolves rapidly as new assets emerge and others lose relevance. As a result, assets may cross eligibility thresholds more frequently than in traditional equity markets,…
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Decoding Sector Diversity and Network Concentration in Digital Assets
A common assumption about the digital asset market is that it remains a monolithic asset class dominated by a small number of names. However, examining the sector composition of the S&P Cryptocurrency Broad Digital Asset (BDA) Index reveals a more nuanced picture, one where diversity by asset count does not necessarily translate into diversity by…
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Deciphering the S&P Digital Markets 50 Index
The Crypto Ecosystem and Digital Asset Index Landscape As digital assets continue to move into the institutional mainstream, investors are increasingly looking for ways to gain exposure to the space in a holistic way that considers all parts of the crypto value chain, from equities to digital assets. The S&P Digital Markets 50 Index is…
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The Index Provider’s Next Act: Bridging TradFi and DeFi
For more than a century, index providers have served a specific function in capital markets: define the standard, calculate the benchmark and the data, license the IP. The infrastructure was built for a world of market opens and closes, batch file delivery, and intermediated access. That infrastructure continues to work extraordinarily well. But a parallel…
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Beyond Bitcoin – The Allocator Perspective: Why Digital Asset Benchmarking Is Entering a New Era
In the previous wrap-up of the webinar “Benchmarking Digital Asset Funds: Are Managers Measuring Performance Effectively?” we discussed the manager perspective; here, we take a look at the allocator perspective and the index provider response to a maturing market and the institutional market’s requirements for better benchmarks. The ETF Effect: Bitcoin Beta Has Become Cheaper…
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Beyond Bitcoin – The Manager Perspective: Why Digital Asset Benchmarking Is Entering a New Era
As institutional capital moves deeper into digital assets, one question is becoming increasingly relevant: what, exactly, should crypto fund managers be measured against? That was the central issue in a recent webinar, “Benchmarking Digital Asset Funds: Are Managers Measuring Performance Effectively?” hosted by Crypto Insights Group with participation from S&P Dow Jones Indices (S&P DJI),…
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Beyond Mega Caps: Navigating Concentration and Diversification in Crypto Index Construction
Cryptocurrency investing straddles two seemingly contradictory truths: market leadership changes fast, yet overall exposure remains dominated by a handful of top assets. From 2018 to 2025, Bitcoin and Ethereum—two mega caps¹—held a combined average weight of 78% in the S&P Cryptocurrency Broad Digital Asset (BDA) Index, while the top five constituents made up roughly 86%…
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Crypto’s Resurgence
Two decades ago, crypto didn’t exist, and even a decade ago, it was still an emergent asset class. In the last few years, crypto has increased in maturity, crossing USD 1 trillion in market capitalization in 2021 and currently sitting at USD 3.5 trillion at the end of July 2025 based on the S&P Cryptocurrency…
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Exploring Tokenization: A New Era for Traditional Assets
In July 2025, S&P Dow Jones Indices (S&P DJI) announced its entry into the tokenization space1 via a strategic collaboration with Centrifuge, a decentralized infrastructure provider. The collaboration marks the first time that S&P DJI has licensed index data for the creation of a digital token and, in doing so, will bring the S&P 500®…
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Customizing Bitcoin Exposure to Mitigate Risk Systematically
Bitcoin and lower volatility may seem like opposites, but could it be time to rethink that perspective? S&P DJI’s Michael Mell and Cyber Hornet ETFs’ Mike Willis look inside a blended custom index with 75% weighted to the S&P 500 and 25% weighted to Bitcoin futures as a unique approach to risk management.
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