Cryptocurrency stocks are going crazy! Coinbase enters the S&P 500, which institution will be cut by the institutional scissors this time?

#Cryptocurrency Concept Stocks

Coinbase becomes a component of the S&P 500, Wall Street officially concedes defeat

In the early hours of today, cryptocurrency stocks welcomed an epic positive development—Coinbase (COIN) was officially included in the S&P 500 index, with an after-hours stock price surge of 10%. This not only marks the first time the cryptocurrency industry has entered a mainstream financial index but also signifies that Wall Street has completely bowed down: traditional capital must yield pricing power to on-chain assets.

Data shows that Coinbase currently has a market value of $65.4 billion, with a custody of 890,000 BTC (accounting for 4% of circulation), and Q1 trading revenue of $1.26 billion, with institutional clients accounting for over 60%. This move directly slaps the SEC in the face, considering that last year they sued Coinbase for "illegally operating securities," yet now they tacitly allow it to enter the room.

Core targets: three types of players fiercely absorb traditional funds 58,783,012,280.