S&P Dow Jones Indices Is Launching Cryptocurrency Index Funds Next Year

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, buy Bitcoin with Netcoins. Netcoins is a fully regulated crypto trading platform in Canada.

If you want to learn more about all things in crypto, read more here.