Bitcoin, ethereum get S&P cryptocurrency indexes

Cryptocurrencies received another push into the mainstream Tuesday with S&P Dow Jones Indices launching new cryptocurrency indexes.

The same company behind the S&P500 and Dow Jones stock market gauges launched the S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, as a way of bringing the digital currencies to Wall Street trading floors.

The indexes will measure the performance of the digital assets tied to them.

More crypto-indices will be launched later in the year.

Bitcoin, the most popular cryptocurrency, has seen a wild rally in prices after backing from high-profile companies including Tesla.

Falling below the $54,000 price tag on Tuesday, bitcoin is off recent highs, but still up nearly 300 percent over the past six months.

Ethereum, meanwhile, touched a record high above $3,500 on Tuesday after rising above $3,000 for the first time over the weekend.

Video Transcript

- Cryptocurrency has received another push into the mainstream Tuesday, with S&P Dow Jones Indices launching new cryptocurrency indexes. The same company behind the S&P 500 and Dow Jones stock market gauges launched the S&P Bitcoin index, S&P Ethereum index, and S&P crypto mega cap index, as a way of bringing the digital currencies to Wall Street trading floors. The indexes will measure the performance of the digital assets tied to them. More crypto indices will be launched later this year.

Bitcoin, the most popular cryptocurrency, has seen a wild rally in prices after backing from high profile companies, including Tesla. Falling below the $54,000 price tag on Tuesday, Bitcoin is off recent highs, but still up nearly 300% over the past six months. Ethereum meanwhile, touched a record high above $3,500 on Tuesday after rising above $3,000 for the first time over the weekend.