#加密概念美股 The crypto stock market is going crazy! Coinbase enters the S&P 500, who will the institutional investors target this time?
Coinbase becomes a constituent of the S&P, Wall Street officially concedes
This morning, the crypto stock market welcomed an epic piece of good news—Coinbase (COIN) was officially added to the S&P 500 index, with an after-hours stock price surge of 10%. This is not only the first time the crypto industry has entered a mainstream financial index, but it 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 cap of $65.4 billion, with a custody of 890,000 BTC (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, considering they sued Coinbase last year for "illegally operating securities," and now they tacitly allow its entry.
Core subjects: Three types of players are voraciously absorbing traditional assets.
