#加密概念美股 The encrypted US stock market is crazy! Coinbase enters the S&P 500, who will institutional investors target this time?
Coinbase becomes a component of the S&P, Wall Street officially concedes
Early this morning, the encrypted US stock market welcomed an epic positive development — Coinbase (COIN) was officially included in the S&P 500 index, with after-hours stock prices soaring by 10%. This is not only the first time the encrypted industry has entered a mainstream financial index, but also signifies that Wall Street has completely bowed down: traditional capital must give way to the pricing power of on-chain assets
Data shows that Coinbase currently has a market value of $65.4 billion, with 890,000 BTC custody (accounting for 4% of the circulating supply), and Q1 trading revenue of $1.26 billion, with institutional clients making up over 60%. This move directly slaps the SEC in the face, as last year they sued Coinbase for “illegally operating securities,” yet now they tacitly allow its entry into the mainstream
Core targets: Three types of players are frantically absorbing traditional funds.
