Tag Archives: digital assets
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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All That Glitters Isn’t Just Gold: 2025 Thematic Performance in Review
2025 Market Performance Markets delivered a strong year in 2025 across most parts of the globe. The S&P World Index was up 23%, while the S&P 500® was up 18% and posted 39 record closing highs during the year, despite persistent geopolitical, tariff and inflation pressure. Sector leadership in the U.S. was taken by Communication…
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Technology Breakthroughs Meet Industrial Metals Strength
September’s S&P Thematics Dashboard was led by strong performance across technology- and industrial metals-linked themes. Quantum Technology surged 38%, while precious and industrial metals rallied sharply amid macroeconomic signals. In contrast, different discretionary spending- and resources-related themes softened. Quantum and Data Infrastructure Lead Quantum Technology was the month’s standout. IBM and HSBC claimed the execution…
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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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Precious Metals Shine across August Thematics
August’s S&P Thematics Dashboard captures a market in motion—from precious metals rallying to multi-year highs to energy and technology themes. With the ongoing macro-political uncertainty in the backdrop, Silver (up 18%) reached a 14-year high, with Gold up 16% on dovish Fed expectations and a weaker U.S. dollar.1 This momentum extended across the metals complex,…
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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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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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