$ONDO
Fading QuicklySnapshot Window: 2026-07-23 07:30 UTC · ← Back to Crypto Overview
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S&P has just launched a special cryptocurrency index that specifically excludes Bitcoin and doesn't include it. CEO Kathy Clay stated the reason for not including BTC is that "it's really not one of the revenue-generating protocols." This index includes 18 tokens, led by $ETH, [Spoken audio]: The largest, there's 18 constituents total, the largest five are Aether, Binance Coin, Solana, Tron, and Hyper Liquid. So what are the requirements? How much turnover do you expect and what do these choices represent? Yeah, so let's just admit that digital assets moves faster than equity assets, for example. But what we're trying to bring are the same sort of principles that we have in our equity indices into digital assets. So when you think about the seasoning period, the revenue generation, the listing requirement, the liquidity behind these different protocols for these tokens, these are the things that we think matter for serious investors and asset managers in the digital asset space. And so we think because there's this likeness between what we deliver in equity indices and into this new benchmark for digital assets, we think it'll make sense for the investing public. But Bitcoin's not in here? Bitcoin is not in there because it's really not one of those revenue-generating protocols that we think belongs in this index. It meets all of the criteria, which there are many in order for inclusion in this index.
