The new benchmark is led by ETH, BNB, SOL, TRX and Hyperliquid, an unusual composition for a broad crypto index given Bitcoin’s absence.
S&P has launched a crypto index that includes 18 tokens but does not include Bitcoin. The basket is led by ETH, BNB, SOL, TRX and Hyperliquid, making Bitcoin’s exclusion the defining feature of the launch and an unusual choice for a market benchmark that aims to track digital assets more broadly.