Tag Archives: Cryptocurrency
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®…
- Categories S&P 500 & DJIA, Thematics
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- S&P 500 & DJIA, Thematics
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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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New Bitcoin Indices Doing “Yard Work” in the Spring
In Wall Street parlance, a yard refers to a billion and a buck is a million. You can overhear traders asking questions like, “how many bucks did that trade?” or, “did that company raise a yard?” The crypto space is gathering assets by the yard these days with new product launches by ETF issuers. For…
- Categories Multi-Asset, Thematics
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Digging Into Digital Assets
How does indexing work for cryptocurrency and digital assets? S&P DJI’s Sharon Liebowitz discusses how indices are bringing transparency to digital assets, key components of index design, and potential use cases for index-based crypto strategies.
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Transparency, FTX, CeFi and DeFi
By now, the news in early November about the collapse of FTX, one of the largest global cryptocurrency exchanges, is sinking in. At S&P Dow Jones Indices, we often discuss the challenges of the cryptocurrency ecosystem and its risks across multiple dimensions. These include asset-level risks, technology risks, market risks and regulatory risks, as well…
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Digital Asset Strategies – To Diversify, or Not?
This blog was co-authored by Tyrone Ross and Erik Smith. Over the past 13 years, the cryptocurrency market has reached a cumulative market capitalization in the trillions. As of September 2022, Lukka Enterprise Data has listed 50 cryptocurrency assets with a market capitalization of over USD 1 billion. With an increasing number of investment options…
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New Crypto Indices Designed for the Asia Market
Cryptocurrencies were designed to be decentralized and borderless, and different regions have different rates of adoption and use. In Asia, a new report by Accenture titled “Digital assets: Unclaimed territory in Asia”1 reported that 52% of affluent investors held digital assets as of Q1 2022, and the percentage was expected to rise to 73% by…
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A Risk Control Approach to Cryptocurrencies: A Tool for a Crypto Winter
Earlier this year, we reported on the volatility of Bitcoin and cryptocurrencies overall. In February 2022, the market was slightly down from its all-time high in November 2021. S&P Dow Jones Indices had just launched the new S&P Bitcoin and Ethereum Dynamically Rebalancing Risk Control 40% Indices (CET Close), and we saw that risk-adjusted performance…
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