S&P Unveils Digital Asset Index Tracking Blockchain Fundamentals Ecosystem English
News MarketsMagazine Sponsored About DOGE$0.06945 4.85%TRX$0.3284 0.03%LINK$8.49 1.79%ZEC$503.13
1.95%ADA$0.1689 3.52%XRP$1.10 2.78%ETH$1,882.21 2.72%BTC$65,113.01 1.44%XMR$356.67 1.36%BNB$567.01 0.86%XLM$0.1824
3.05%SOL$76.06 2.42%HYPE$57.72 2.46%Written by Nate Kostarstaff writerReviewed by Sam Bourgistaff writerWritten by Nate
Kostarstaff writerReviewed by Sam Bourgistaff writerS&P launches blockchain fundamentals index for digital assets
Latest NewsPublishedJul 22, 2026The benchmark tracks blockchain networks using protocol revenue, offering an alternative
to traditional market capitalization-weighted crypto indexes.S&P Dow Jones Indices and Pantera Capital launched a
digital asset index that tracks blockchain networks and protocols based on protocol revenue, marking a departure from
crypto benchmarks built around market capitalization or token prices.The index draws from the S&P Cryptocurrency
Broad Digital Asset Index but only includes assets that meet minimum thresholds for protocol revenue, market
capitalization and liquidity. Eligible networks are then ranked by aggregate protocol revenue over the previous two
quarters and weighted by adjusted market capitalization, with the largest holding capped at 35% and the remaining
constituents generally capped at 20%. The index is rebalanced quarterly.According to an announcement from the companies,
the benchmark is intended for institutional allocation and may serve as the basis for investment products or as a
reference for actively managed digital asset portfolios. S&P said the rules-based framework is designed to
distinguish established blockchain activity from speculative exposure.The index launched with 18 constituents, with
Ether (ETH), BNB (BNB), Solana (SOL), TRON (TRX) and Hyperliquid (HYPE) as its five largest holdings, according to an
S&P Dow Jones Indices Indexology blog post. The blog identified Bitcoin (BTC) and XRP (XRP) as the largest
non-constituents compared with the S&P Cryptocurrency Broad Digital Asset Index, reflecting the benchmark’s
protocol revenue-based selection methodology.Related: Pyth unveils continuous pricing indexes for US stocks and
commoditiesThe launch also builds on S&P Dow Jones Indices’ broader expansion into digital asset benchmarks. Last
October, the index provider introduced the S&P Digital Markets 50 Index, which combines 15 cryptocurrencies with 35
publicly traded companies tied to the crypto ecosystem.Source: Tron DAOAsset managers expand crypto index offeringsThe
debut follows a broader industry push to develop institutional-grade benchmarks for digital assets as traditional
finance firms expand crypto offerings and tokenized assets gain traction.Hashdex launched the Nasdaq Crypto Index US ETF
on Feb. 14, 2025, the first multi-asset spot crypto exchange-traded fund in the United States. Franklin Templeton
followed six days later with the Franklin Crypto Index ETF, a market capitalization-weighted fund tracking Bitcoin and
Ether through the US CF Institutional Digital Asset Index. The trend continued in April when MarketVector Indexes and
Coinbase Asset Management launched the Coinbase Store of Value Index, a benchmark combining Bitcoin and tokenized gold
using an inverse-volatility weighting model to provide diversified exposure to the assets.In December, Bitwise chief
investment officer Matt Hougan said “crypto index funds are going to be a big deal in 2026” as the market becomes
more complex and investors seek broader exposure to digital assets. He argued that predicting which blockchain networks
would emerge as long-term winners was increasingly difficult, making diversified index products a practical way to gain
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