The two of the biggest assets in the crypto sector just got left off a list built by the biggest name in indexing. On July 21, the new S&P Pantera Digital Asset Index went live, and neither Bitcoin (BTC -1.06%) nor XRP (XRP -0.72%) is among its constituents.
The index ranks blockchains by protocol revenue, which is the fees that networks incur for use. And because S&P is already looking to seed future exchange-traded funds (ETFs) that track the index, being left out could cost those two coins dearly. Are they still worth buying?
Image source: The Motley Fool.
The main inclusion criteria boxes out these coins
The S&P Pantera Digital Asset Index only includes coins that clear certain thresholds for size and liquidity, and being on the…
