#加密概念美股 Coinbase included in the S&P index, Wall Street officially concedes
In the early hours of today, the crypto stock market received an epic positive development—Coinbase (COIN) has been officially included in the S&P 500 index, with after-hours stock prices surging by 10%. This not only marks the first time the crypto 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 capitalization 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 making up over 60%. This move directly counters the SEC, especially since they sued Coinbase last year for “illegally operating securities,” but now tacitly allow its entry into the mainstream
Core subjects: Three types of players are fiercely attracting traditional capital