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S&P launches crypto index focusing on strong fundamentals, excluding Bitcoin and XRP, signaling a market shift.

Market News
22 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

Pantera Capital and S&P Dow Jones Indices launched the first S&P Digital Asset Index featuring 18 cryptocurrencies, notably excluding Bitcoin and XRP. This index prioritizes networks with strong fundamentals, real economic activity, and sustainable revenue rather than just market cap size. The move suggests a potential shift in crypto investment, where institutional capital may favor fundamentally strong projects over traditional market leaders. This could lead to a major divergence in the next crypto cycle, emphasizing utility and growth over price momentum.

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