Crypto fundamental analysis stories

Jul 21, 2026

S&P Dow Jones and Pantera Capital Launch Digital Asset Index Excluding Bitcoin Based on Revenue Criteria

S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, an 18-constituent benchmark that screens digital assets based on protocol revenue, market size, and liquidity. The index notably excludes Bitcoin, which does not generate protocol revenue, and includes Ethereum, BNB, Solana, Tron, and Hyperliquid as major holdings.

Jul 21, 20269 sources

S&P Dow Jones Indices and Pantera Capital Launch Digital Asset Index for Institutional Investors

S&P Dow Jones Indices and Pantera Capital have introduced the S&P Pantera Digital Asset Index, a new benchmark designed to provide institutional investors with a disciplined, quality-focused approach to digital asset allocation that emphasizes real utility over price trends.

Jul 21, 20265 sources

Apr 28, 2026

Galaxy Digital Posts $216 Million Q1 Loss as Crypto Prices Decline

Mike Novogratz's Galaxy Digital reported a $216 million first-quarter loss driven by weaker crypto asset values, though the firm's data center business is nearing an inflection point with revenue expected to ramp up in Q2.

Apr 28, 20264 sources

Top claims

▪The five largest holdings of the S&P Pantera Digital Asset Index at launch are Ether, BNB, Solana, TRON, and Hyperliquid.
▪The S&P Pantera Digital Asset Index officially launched on July 20, 2026, with the public announcement occurring on July 21, 2026.
▪The S&P Pantera Digital Asset Index excludes Bitcoin because the network does not generate protocol-level revenue in the manner required by the index's criteria.

People involved

Michael Novogratz

Subtopics

Institutional crypto adoption3 Bitcoin mining1 Bitcoin vs. other cryptocurrencies1 Crypto market cycles1 Crypto market data signals1 Crypto market structure1 Crypto markets1 DeFi1 Protocol launches & ecosystem events1 Tokenomics1

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