Bitcoin and XRP Excluded from S&P Dow Jones & Pantera Crypto Index

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Bitcoin and XRP Excluded from S&P Dow Jones & Pantera Crypto Index

Why Bitcoin and XRP Missed Out of S&P Dow Jones Crypto Index?

S&P Dow Jones Indices and Pantera Capital announced the S&P Pantera Digital Asset Index, a new benchmark for the crypto market. The companies claim it will serve as a benchmark for institutional investors seeking a disciplined and structured approach to digital asset allocation.

However, the crypto index excludes top crypto assets Bitcoin and XRP. It also leaves out WhiteBIT Token, Unus Sed Leo and Rain Protocol.

S&P Dow Jones Indices CEO Kathy Clay said Bitcoin and XRP were excluded from the S&P Pantera Digital Asset Index due to their failure to meet a key revenue-generation requirement.

“We bring that same discipline to digital assets, using a fundamentals-driven, economics-based framework built for diversified portfolios. In collaboration with Pantera and powered by Artemis data, we apply the same standards in trusted benchmarks like the S&P 500 to help investors focus on fundamentals in one of today’s most fast-moving asset classes,” Clay added.

Bitcoin and XRP communities have already pushed back against the new benchmark for the crypto market as it doesn’t include top crypto assets.

BTC price has dropped below $66K after hitting a 24-hour high of $66,910. Also, XRP price has dropped more than 2% from $1.16 to $1.13 at press time amid escalating US-Iran war.

Details on S&P Pantera Digital Asset Index

The new S&P Pantera Digital Asset Index holds 18 constituents, with ETH, BNB, SOL, TRX, and HYPE as the top five crypto assets.

Unlike traditional crypto indices that track prices or top crypto assets based on market cap, this index adopts an approach similar to traditional financial benchmarks. The crypto index only includes tokens and projects that have real-world utility and generate actual revenue.

The benchmark weights holdings by market capitalization and rebalances quarterly. The weighting factors include no single token can exceed 35% of the total and no other holding can top 20%. These caps mirror rules S&P applies to its equity benchmarks.

S&P Pantera Digital Asset Index Construction and Constituents

Kathy Clay claimed she wants to bring stock index discipline into digital assets. She favors protocols with verifiable economic activity over ones that trade on hype and price momentum.

By prioritizing protocols with verifiable economic activity, this indexing approach aligns with the institutional framework powering regulated real-world asset platforms bridging traditional finance on-chain.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.