S&P Launches Revenue-Generating Crypto Index Excluding Bitcoin
The Standard & Poor's (S&P) has launched an institutional crypto index focused on revenue-generating protocols, a move that signals a shift towards fundamental valuation metrics over pure speculation. The index includes Ether, Solana, and BNB, but deliberately excludes Bitcoin and XRP.
The S&P's new index is designed to target projects with demonstrable on-chain revenue streams, marking a significant development in the maturation of institutional crypto infrastructure. This move reflects a growing trend towards legitimacy and institutional adoption in the crypto space.
Concurrently, the regulatory landscape is tightening, with the updated Clarity Act proposing to ban federal officials from crypto profits. While this may seem restrictive on the surface, it actually serves to further legitimize the asset class for institutions.