S&P Cryptocurrency Broad Digital Market Index (2024)

FAQs

What is the S&P cryptocurrency broad digital market index? ›

The S&P Cryptocurrency Broad Digital Market (BDM) Index is designed to track the performance of digital assets listed on recognized open digital exchanges that meet minimum liquidity and market capitalization criteria that are covered by our price provider Lukka.

The S&P Cryptocurrency LargeCap Index is a subset of the S&P Cryptocurrency Broad Digital Market (BDM) Index designed to track the constituents of the S&P Cryptocurrency BDM Index with the largest market capitalization.

S&P Global Broad Market Index (BMI) is a market capitalization-weighted index maintained by Standard and Poor's (S&P) providing a broad measure of global equities markets.

The S&P Cryptocurrency LargeCap Ex-MegaCap Index is designed to track the larger constituents of the S&P Cryptocurrency Broad Digital Market Index, excluding the constituents of the S&P Cryptocurrency MegaCap Index.

The MSCI World index contains around 1,500 companies. By comparison, the Dax only contains 40 companies, while the S&P 500 contains 500. Investors in individual shares are likely to be less diversified still.

The Nasdaq Crypto Index (NCI) is specifically designed to be dynamic by nature, broadly representative of the market, and readily trackable by investors.

There are very few options available if you want to invest in crypto index funds through a brokerage account. The Bitwise 10 Crypto Index Fund (BITW) is the only one available to investors. The BITW is publicly traded and available for purchase by anyone with a brokerage account.

Bitcoin ETFs Make the Crypto More Like the S&P 500, Analyst Says. Why That's a Bad Thing. The U.S. launch of Bitcoin exchange-traded funds was a landmark moment for digital assets, but an analyst warns that by becoming more accessible, Bitcoin might also become less attractive.

A Crypto Index is a defined portfolio of selected cryptocurrencies that you can buy, sell or swap with just one click, instead of going through the process of buying and selling each coin individually. It helps you to easily diversify your cryptocurrency portfolio.

One of the broad-based indexes with the fewest stocks is the Dow Jones Industrial Average (DJIA), which has just 30 stocks. One of the largest is the FT Wilshire 5000 Index (FTW5000). Other examples of broad-based indexes include the S&P 500 Index, the Russell 3000 Index, and the NASDAQ Composite Index.

Are broad-based index funds a good investment? ›

Lower costs: Index funds typically have lower expense ratios because they are passively managed. Market representation: Index funds aim to mirror the performance of a specific index, offering broad market exposure. This is worthwhile for those looking for a diversified investment that tracks overall market trends.

The Broad Indexed Funds invest in a larger index such as the Russell 3000 or Wilshire 5000. The Russell 3000 or Wilshire 5000 include most of the US stocks that are traded on the stock exchange.

You can easily buy SPDR S&P 500 ETF tokenized stock FTX (SPY) using fiat currency if doing so is supported. You could also do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency such as USDT, and then exchanging it for your desired SPDR S&P 500 ETF tokenized stock FTX (SPY).

Coinbase Global

Coinbase Global (COIN 5.68%), a top cryptocurrency trading exchange, made its initial public offering (IPO) in April 2021. The company is a popular platform for purchasing major cryptocurrencies such as Bitcoin, Ethereum, and Cardano (ADA 3.75%), allowing users to trade more than 250 altcoins.

SPDR S&P 500 ETF tokenized stock FTX is not supported by Coinbase. Past performance is not a reliable indicator of future results. Learn more about asset risks. This data was sourced in real-time from Coinbase and other third party market vendors.

The total crypto market volume over the last 24 hours is $65.85B, which makes a 1.71% increase. The total volume in DeFi is currently $5.53B, 8.40% of the total crypto market 24-hour volume. The volume of all stable coins is now $61.58B, which is 93.52% of the total crypto market 24-hour volume.