Bitcoin, XRP snubbed as S&P unveils revenue-focused crypto index
A new cryptocurrency index from S&P Dow Jones Indices and Pantera Capital is taking a distinctly Wall Street approach to digital assets—and that means leaving Bitcoin (CRYPTO: BTC) out. Instead of ...
Source: RSS · July 22, 2026 at 10:24 PM · AI-assisted report
WALL STREET, 23 JULY 2026 —
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S&P Dow Jones Indices and Pantera Capital have launched a new cryptocurrency index, excluding Bitcoin and XRP. The index takes a revenue-focused approach, differing from traditional market capitalization-based indices. Details not yet available on the specific criteria used for selection. The move marks a distinct Wall Street approach to digital assets, with a focus on revenue generation.
The exclusion of Bitcoin, the largest cryptocurrency by market capitalization, may have implications for Malaysian investors with exposure to the digital asset. Malaysia has seen growing interest in cryptocurrency investments in recent years. The new index may provide an alternative for investors seeking to diversify their portfolios, although its impact on the local market is unclear. Details not yet available on the index's composition and methodology.
Related: S&P Dow Jones Indices · Wall Street
Malaysia Impact
The exclusion of Bitcoin may have implications for Malaysian investors, and the new index may provide an alternative for diversification, potentially affecting the local market.