In a move similar to that being considered by MSCI, the S&P Dow Jones has already launched its index for the duo of Bitcoin and Ethereum.New York-based American finance company MSCI Inc (NYSE: MSCI) is reportedly considering offering a crypto index per a Reuters report. The projection came from the company’s Chief Executive Officer, Henry Fernandez, who spoke at a Clubhouse event organized by venture capital firm Andreessen Horowitz earlier in the week.MSCI is a company that serves as a global provider of equity, fixed income, hedge fund stock market indexes, multi-asset portfolio analysis tools, and ESG products. Among the company’s key products includes the MSCI BRIC, MSCI World, and MSCI EAFE Indexes respectively. The debut into the digital currency ecosystem judging from the company’s traction win traditional finance will help position crypto for more mainstream adoption. While neither Fernandez nor the company gave more details as to which digital currencies will be featured in the proposed indexes, there are indications that the company’s desire to expand its product suite can stir a speedy launch of the products.As a major publisher of indexes, MSCI launched about “20 thematic indexes to help investors bet on “megatrends” in China that are aligned with the Chinese government’s policy goals per the Reuters report. Collectively, asset managers utilize the MSCI index in what has culminated in the allocation of more than $14.5 trillion in assets globally as of the end of 2020.Crypto Index from MSCI will Complement that from S&P Dow JonesThe desire to get digital currencies like Bitcoin (BTC), Ethereum (ETH), and other altcoins into the mainstream adoption phase remain a major pursuit of crypto proponents. While a lot has been put into these growing asset classes especially on the part of institutional investors, more traditional focused service providers can help fast track the overall adoption rate.In a move similar to that being considered by MSCI, the S&P Dow Jones has already launched its index for the duo of Bitcoin and Ethereum. The latter’s indexes are three and dubbed the S&P Bitcoin Index which measures the performance of Bitcoin, the S&P Ethereum Index, designed to measure the performance of Ether, and the S&P Crypto Mega Cap Index dedicated to measuring the performance of both digital currencies.These indexes, either that from the S&P Dow Jones or those proposed from MSCI will help more conservative investors bet indirectly on the price of the underlying assets. With Bitcoin ETF products currently non-existent in American markets, these indexes as well as the stock of key crypto-based firms such as Coinbase Global Inc (NASDAQ: COIN) can be a viable option for investors to key into. next Altcoin News, Bitcoin News, Cryptocurrency news, News Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Thank you!You have successfully joined our subscriber list.