Pantera Capital is working with S&P to build a digital asset index designed to serve as a crypto-market counterpart to the S&P 500, according to Techub News, which cited CoinDesk. The move followed feedback relayed by Pantera Capital’s Cosmo Jiang, who said institutional investors found existing cryptocurrency indexes unsatisfactory. The planned product is aimed at creating a more suitable benchmark for the digital asset space. The report did not disclose a launch date, methodology, or the assets that would be included in the index, but it framed the effort as a response to demand from institutional market participants seeking a better reference point for crypto exposure.
Pantera Capital is working with S&P to create a digital asset index intended to act as the crypto market’s equivalent of the S&P 500, according to Techub News, citing CoinDesk.
The effort follows feedback from institutional investors, relayed by Pantera Capital’s Cosmo Jiang, that existing cryptocurrency indexes are 「not very ideal」.
No launch timeline or index construction details were disclosed in the report.
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