S&P Index Highlights Financial Fundamentals as Next Crypto Bull Market Driver

A new digital asset index has been launched by S&P Global and Pantera Capital, focusing on financial fundamentals in crypto.

The S&P Pantera Digital Asset (SPPDA) Index excludes assets that don't generate revenue or distribute it to holders, such as Bitcoin and XRP.

Ethereum, Solana, Hyperliquid, and some of their peers made the cut due to their strong protocol revenue and tokenomics for holders.

This index could become a benchmark for institutional investors looking for quality assets in the next crypto bull market.