New S&P Pantera Digital Asset Index Launched; Ethereum, Solana, and Hyperliquid Included
The new S&P Pantera Digital Asset (SPPDA) index was launched on July 21 to track the largest cryptoassets that generate protocol revenue. The inclusion criteria require protocols to have a market cap above $500 million and two consecutive quarters of positive revenue, excluding speculative assets like Bitcoin and XRP due to their lack of direct holder-based earnings. Ethereum (ETH), Solana (SOL), Hyperliquid (HYPE), Binance Coin, TRON, and others are among the top constituents. The index is designed for institutional investors seeking a quality benchmark in crypto markets. Being included signals that these assets meet certain financial criteria, potentially attracting more capital flows. The SPPDA could also serve as a basis for future exchange-traded funds (ETFs), which would buy its components by weight and may further boost demand among the largest names.
Topics: Bitcoin Ethereum Hyperliquid S&P Pantera Digital Asset Index Solana