Pantera Capital Launches New Crypto Index Focused on Revenue-Generating Digital Assets
On July 20, Pantera Capital launched the S&P Pantera Digital Asset Index in collaboration with S&P Dow Jones Indices and Artemis. The index is designed to address institutional investors' concerns by focusing exclusively on revenue-generating digital assets that return value to token holders through mechanisms like buybacks or staking. Unlike many existing crypto indexes, which often include meme coins and inactive blockchains, the new index uses strict selection criteria inspired by those of the S&P 500. It requires consecutive quarters of positive protocol revenue and a minimum circulating market cap of $250 million to $500 million depending on constituent status. The initial launch included 18 constituents such as Ethereum (ETH), Binance Coin, Solana, TRON, Hyperliquid, and Aave. Notably absent are Bitcoin and XRP despite their large market shares. The index rebalances quarterly with a cap of 35% for the largest constituent and 20% for others.
Tickers: $ETH