The S&P Pantera Digital Asset Index uses Artemis revenue data and Lukka pricing to weight 18 tokens by observable protocol economics, with TRX among the top five holdings and BTC and XRP excluded under the methodology.
S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, an 18-asset benchmark that selects and weights crypto networks using protocol-level revenue and other network fundamentals rather than market capitalization alone. The rules-based index uses Artemis Analytics for revenue data and Lukka for pricing. TRON’s TRX ranks among the top five weighted holdings alongside Ethereum, BNB, Solana and Hyperliquid, while BTC and XRP are excluded under the revenue-focused methodology relative to a broader digital-asset benchmark. The index is a benchmark, not an ETF or exchange-traded product, though it could support future funds, structured products, research, or model portfolios depending on demand, regulation, and product design.