S&P Dow Jones Indices to Launch Crypto Indexes in 2021

S&P Dow Jones Indices, a major financial data provider, said Thursday it will launch a customizable cryptocurrency indexing service in partnership with crypto tax service Lukka in 2021.

The coming product is poised to become a hub for cryptocurrency pricing data at a time when more Wall Street investors than ever are searching. This year’s bull run is said to be driven by institutions angling for exposure to bitcoin (BTC, +2.62%).

“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.