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S&P launches crypto index excluding Bitcoin and XRP, focusing on revenue-generating blockchain networks.

Market News
22 Jul 2026
Benzinga
View Source
Bearish
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S&P Dow Jones Indices and Pantera Capital introduced a new cryptocurrency index that excludes Bitcoin and XRP because they do not generate revenue through their protocols. The index prioritizes blockchain networks that earn fees or revenue from actual usage, applying criteria like operating history, liquidity, and listing status. Eighteen other cryptocurrencies, including Ethereum, BNB, Solana, and TRON, are included. This approach reflects a Wall Street-style focus on revenue rather than market size alone.

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