S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index (SPPDA), a digital asset benchmark that tracks 18 crypto networks using a rules-based methodology centered on protocol-level revenue. The index uses Artemis Analytics for revenue data and Lukka for pricing, distinguishing it from simple market-cap baskets by measuring economic activity rather than token size alone. It is a benchmark index, not an ETF or exchange-traded product. The launch reflects growing institutional demand for crypto investment frameworks based on measurable network economics rather than narrative alone.
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