S&P Dow Jones Indices and Pantera Capital launched an 18-coin crypto index led by Ethereum, BNB, Solana, Tron and Hyperliquid, and left out both Bitcoin and XRP.
A coin only qualifies if the protocol behind it earns consecutive quarters of revenue and returns some of that money to token holders—a rule modeled on the S&P 500's four-quarter earnings test.
XRP's entire burn since 2012 totals roughly $16 million, which is less than 1% of the $3 billion the 18 qualifying coins generate yearly.
The exclusion stings XRP more than Bitcoin, given that utility is XRP's core value pitch while Bitcoin's digital gold narrative never required revenue.
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#pantera #Solana
A coin only qualifies if the protocol behind it earns consecutive quarters of revenue and returns some of that money to token holders—a rule modeled on the S&P 500's four-quarter earnings test.
XRP's entire burn since 2012 totals roughly $16 million, which is less than 1% of the $3 billion the 18 qualifying coins generate yearly.
The exclusion stings XRP more than Bitcoin, given that utility is XRP's core value pitch while Bitcoin's digital gold narrative never required revenue.
Don't wait: the ***** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
#pantera #Solana
3 months ago
