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Catherine Clay
S&P Dow Jones Indices (CEO)
First call on the ledger
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Explaining the new S&P DJI / Pantera Capital digital-asset index (18 constituents, top five Ether, Binance Coin, Solana, Tron, Hyperliquid per host @0:52; top token capped at 35 percent @2:09). The next transcript line, 'It meets all of the criteria,' appears to be a whisper stitching garble about the included tokens.
“Bitcoin is not in there because it's really not one of those revenue-generating protocols that we think belongs in this index.”
Bitcoin since this was said: ▼ -1.1% · 66,674 → 65,953 · as of 2026-07-22
Asked directly about 'your decision not to fast track SpaceX inclusion in the S&P 500' @3:30. She says it followed a lengthy public consultation and was made 'with independence, with a lot of integrity' @4:10.
“the independent index committees at S&P DJI really made the decision to stick to the course, to stick to our methodologies, to not move on allowing these mega IPOs to enter on a fast track basis into the S&P 500.”
S&P 500 since this was said: ▼ -0.0% · 7,509 → 7,506 · as of 2026-07-22
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