A New Crypto Index Just Launched. Here's Why That's Bullish for Ethereum, Solana, and Hyperliquid.

A Motley Fool article says the new S&P Pantera Digital Asset (SPPDA) Index, launched July 21, could become an important institutional benchmark for crypto. The index includes only cryptocurrencies whose protocols generate real revenue, are above $500 million in market cap, and have two straight quarters of positive revenue. Ethereum, Solana, and Hyperliquid made the index, while Bitcoin and XRP were excluded. The piece argues that inclusion may matter because it gives institutional investors a curated list of potentially productive crypto assets and could eventually support ETF products that track the benchmark. If such ETFs are launched, the index’s constituents could benefit from direct buying flows weighted by market cap. The article is broadly bullish on ETH and the other included assets because the index may improve visibility, credibility, and future capital inflows, though it notes that rebalancing could change membership over time.