S&P Launches New Crypto Index Excluding Bitcoin and XRP
The S&P Pantera Digital Asset Index includes 18 tokens such as Ethereum and BNB but excludes Bitcoin (BTC) and XRP due to a revenue-based selection criterion. The index requires protocols to generate consistent quarterly revenues and return some of that money to token holders, similar to the earnings test used by the S&P 500.
Topics: Bitcoin exclusion cryptocurrency S&P index XRP exclusion