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S&P and Pantera Launch Revenue-Based Crypto Index
S&P and Pantera introduced a revenue‑based crypto index that excludes Bitcoin because it does not meet the protocol‑revenue requirement, while still using market capitalization to set each token's weight.
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What happened
S&P and Pantera introduced a revenue‑based crypto index that excludes Bitcoin because it does not meet the protocol‑revenue requirement, while still using market capitalization to set each token’s weight.
Confirmed
Global impact / market context
By weighting tokens that produce economic returns, the index offers a new way to assess crypto value, which could shift capital toward projects with tangible revenue streams and affect portfolio construction.
Analyst inference
The new index, created by S&P and Pantera, adds a revenue‑based filter to traditional crypto market‑cap weighting, aiming to reflect tokens that generate economic returns for holders.
Confirmed
What to watch
- If other major tokens begin generating on‑chain revenue, they could be added to the index, potentially boosting their visibility and demand. Analyst inference
- Investors may compare the performance of this revenue‑focused index against traditional market‑cap indexes to gauge the premium investors assign to revenue‑generating assets. Analyst inference
- Regulators could scrutinize the revenue‑screen methodology, influencing how future crypto indices are designed and approved. Proposed
Affected assets
- BTC — Bitcoin