A new crypto index launched on July 20, and it excludes the market’s largest cryptocurrency. Pantera Capital, the S&P Dow Jones Indices, and Artemis collaborated on the S&P Pantera Digital Asset Index, which focuses on revenue-generating digital assets.

Pantera aims to solve one of the main complaints institutional investors have with investing in cryptocurrency: the lack of compelling index products. Other crypto indexes are often a mishmash of legitimate projects, meme coins, and inactive blockchains, providing little value. Here’s a primer on Pantera’s crypto index and how it could help investors.

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The selection criteria

Pantera based its selection criteria on those of the S&P 500, particularly its…