https://en.wikipedia.org/wiki/SP_Global
S&P Global’s crypto index has excluded Bitcoin (BTC) and XRP from its list, reportedly due to these cryptocurrencies not generating revenue. The decision, shared by social media user @martypartymusic, is noteworthy given the significant market cap of both BTC and XRP. The exclusion highlights the criteria used by S&P Global for its index, which appears to prioritize projects that generate revenue over solely market capitalization. This development may affect perceptions of XRP’s potential to reach new price highs.
Market activity reflects a decrease in confidence for XRP achieving a new all-time high by the end of 2026, with current odds standing at 7% for a high by December 31, 2026. This marks a decrease from 8% a week ago, suggesting a less optimistic outlook among market participants following the exclusion news. The impact on Bitcoin’s market perception remains to be further observed, as Bitcoin’s price had been relatively stable prior to this announcement.
Key Takeaways
The exclusion of BTC and XRP from S&P’s crypto index appears to be due to their inability to generate revenue.
