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Bitcoin didn’t make S&P Global’s newest institutional crypto index.

Why?

Because this isn’t another market-cap index. The new S&P Pantera Digital Asset Index focuses on digital assets with real economic activity and protocol revenue rather than simply tracking the biggest names.

In this video, we break down:
• Why Bitcoin isn’t included
• Why XRP didn’t make the cut
• How the index selects assets
• What this could mean for institutional adoption

NFA. DYOR.

Sources:

S&P Pantera Digital Asset Index Methodology:
https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-pantera-da.pdf

S&P Press release:
https://press.spglobal.com/2026-07-21-S-P-Dow-Jones-Indices-and-Pantera-Capital-Launch-New-Index-for-Digital-Assets?utm_source=chatgpt.com

Pantera Capital Announcement:
https://panteracapital.com/blockchain-letter/introducing-the-sp-pantera-digital-asset-index/

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