S&P Global set to launch world’s first cryptocurrency index

Most investors are probably familiar with the concept of an index. It’s what we use to measure the overall performance of the share market at any given time or day (or year for that matter). An index serves as a very useful barometer on how the broader market is performing and moving.

That’s why the first financial statistics you’re likely to see on an Aussie news bulletin’s business report each night usually relate to the S&P/ASX 200 Index (ASX: XJO) or the All Ordinaries Index (ASX: XAO). In the case of the ASX 200, this index measures the performance of the largest 200 companies on the ASX, weighted to market capitalisation. With the All Ords, it’s the largest 500 companies.

Over in the United States, it’s a similar…