Could index investing be coming for crypto?

On Oct. 7, S&P Global ( SPGI 0.24% ) launched its new S&P Digital Markets 50 Index. This is a new market cap-weighted index from S&P Dow Jones Indices that will track a basket of 50 cryptocurrencies and crypto-related stocks. In theory, it should give investors a quick snapshot look at how the broader crypto ecosystem is performing.

Some have already hailed the new index as a potential game-changer for the crypto and blockchain space. But is it really? Here's what you need to know.

What is the S&P Digital Markets 50 Index?

S&P Dow Jones is best known for its S&P 500 Index ( ^GSPC 0.53% ) , which is arguably the most famous stock market index in the world. If investors want to know how "the market" is doing, they check out the

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