S&P Dow Jones and Pantera Launch 18-Asset Crypto Index with Revenue Criteria

S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, a collection of 18 cryptocurrency assets designed to provide institutional investors with a structured evaluation framework. The index employs a rule-based methodology that selects tokens based on real-world use cases and revenue generation, diverging from traditional crypto indexes that prioritize price momentum or market popularity. This development occurs as cryptocurrency adoption continues to increase rapidly despite the market experiencing a downward trend since October 2025.

S&P Pantera Index Applies Revenue-Based Ranking System

The index uses a rule-based methodology similar to traditional finance metrics. For an asset to qualify for inclusion, it must maintain a market capitalization of at least $500 million. Newly added assets must meet liquidity ratio requirements above a specified threshold. Projects are ranked according to their revenues generated in the last two quarters, and their position in the index is determined by this ranking. The system eliminates projects that do not generate economic value.

Ethereum, BNB, Solana Among 18 Listed Digital Assets

The index currently consists of 18 digital assets. The full list of altcoins included has not been disclosed. Identified assets include Ethereum, BNB, Solana (SOL), Tron (TRX), and Hyperliquid (HYPE).

FAQ

What is the S&P Pantera Digital Asset Index?

The S&P Pantera Digital Asset Index is a collection of 18 cryptocurrency assets launched by S&P Dow Jones Indices and Pantera Capital. It uses a rule-based methodology to select tokens based on real-world use cases and revenue generation rather than price momentum or market popularity.

What are the requirements for a cryptocurrency to be included in the S&P Pantera Index?

An asset must have a market capitalization of at least $500 million to qualify for inclusion. Newly added assets must maintain a liquidity ratio above a specified threshold. Projects are ranked according to their revenues in the last two quarters, and the system eliminates projects that do not generate economic value.

Which cryptocurrencies are confirmed to be in the S&P Pantera Digital Asset Index?

The full list of 18 digital assets has not been disclosed. Confirmed assets include Ethereum, BNB, Solana (SOL), Tron (TRX), and Hyperliquid (HYPE).