Global securities index publisher MSCI is in view of Introduction of cryptocurrency indices, Reuters reported on Thursday.
Henry Fernandez, CEO of MSCI, a global securities index issuer, stated that MSCI is considering the introduction of cryptocurrency asset indexes, which will be another step towards mainstream companies accepting digital currencies and related transactions.
The crypto indicators are seen as an important step in guiding new research and models of emerging market acceptance. However, Fernandez did not reveal what specific cryptocurrencies will be added and what the exact timetable for their introduction will be. MSCI also declines to elaborate on it Fernandez ‘s comments.
With many commercial giants like MasterCard, Paypal, Square, Goldman Sachs, etc. that support cryptocurrencies, it appears that cryptocurrencies have become an inventable trend as an emerging investment service joining the portfolios of investors.
Goldman Sachs, the second largest US investment bank, announced in April that it would be offering Bitcoin and other crypto products to its private wealth customers within the next few months.
In December last year, The S&P Dow Jones Indices, a global leader in investable and benchmark indices for the financial markets, announced that it would launch cryptocurrency index funds in May 2021. including S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index.
These three indices successfully brought cryptocurrency trading to the predators of Wall Street investment banks. Investment institutions can use these three indices to measure the performance of related digital assets and make investment decisions based on this informative data.
Not only does the United States have a cryptocurrency index, the Singapore Exchange (SGX) has also followed the cryptocurrency index, following the trend of the emerging field of cryptocurrency. As early as September last year, the Singapore Exchange (SGX), in cooperation with the British cryptocurrency market data provider CryptoCompare, will launch crypto indices – the iEdge Bitcoin Index and the iEdge Ethereum Index.
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