S&P just launched its first-ever cryptocurrency index, featuring 18 tokens led by ETH, BNB, SOL, TRX, and HYPE. BTC was excluded because it’s not a revenue-generating protocol. Traditional finance and crypto are merging. Previously, CEX introduced products like US stocks, gold, and oil, and now S&P has launched a cryptocurrency index. The boundaries between the two are gradually breaking down—liquidity is coming to the crypto space.