S&P Dow Jones New Crypto Index Snubs Bitcoin, Not a Revenue-Generating Protocol
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new crypto benchmark that excludes Bitcoin (BTC) entirely.
CEO Cathy Clay said Bitcoin fails the index’s core test, generating real protocol revenue instead of trading purely on speculation.
How the Index Weighs Its Tokens
The index holds 18 constituents.
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