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S&P Global removes Bitcoin and XRP from crypto index due to lack of revenue generation.

Market News
21 Jul 2026
Crypto Briefing
View Source
Bearish
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S&P Global has excluded Bitcoin (BTC) and XRP from its crypto index because these cryptocurrencies do not generate revenue, despite their large market caps. This change reflects a shift in the index's criteria, prioritizing revenue-generating projects over market capitalization alone. The exclusion has led to a drop in market confidence for XRP reaching a new all-time high by the end of 2026, with odds falling from 8% to 7%. Investors will be watching for further updates from S&P Global and any responses from Ripple or regulatory developments that could affect XRP's future.

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