The S&P 500 is frequently viewed as a barometer for the overall health of the US stock market by analysts, journalists, and investors. With the recent market momentum, crypto indexes will soon be held in the same regard.

As more investors hold digital assets in a diversified portfolio, it's in the interest of everyone in the industry to create the strongest possible crypto indexes: Doing so will capture not only the value of individual bull rallies, but the overall story of how digital assets are finding their way into the mainstream.

While some investors may indeed choose to...