Digital asset firms like Robinhood and Coinbase are being added to the S&P 500 index, signaling growing acceptance of crypto in traditional finance.
1 report, 1 independent
Updated Sep 6
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What happened
Digital asset firms like Robinhood and Coinbase are being added to the S&P 500 index, signaling growing acceptance of crypto in traditional finance.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The event details various corporate moves, including Coinbase and Block joining the S&P 500, and MicroStrategy's status as a leading Bitcoin holder.Sub-event
Robinhood and Coinbase join S&P 500, reflecting the growing institutional acceptance of digital assets.1 source
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The entities involved
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Bitcoin
digital cash system and associated currency
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S&P
Japanese company
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Robinhood
American financial services company
Related events
- Strategy sold Bitcoin reserves to fund preferred stock dividends amid a stock plunge driven by Bitcoin price decline.
- Coinbase is strategically diversifying its revenue streams, moving away from pure Bitcoin reliance as Base and stablecoins build independent businesses.
- Coinbase and Robinhood are expanding their offerings, with Robinhood's blockchain development stemming from Coinbase's strategic moves.
- Robinhood is leveraging its corporate listing on Nasdaq while developing a chain that competes with Base, alongside expert bullish outlooks on Bitcoin and Ethereum.
- Strategy bought 4,603 Bitcoin for $369.7 million, and Strive adopted Bitcoin into its capital deployment hurdle rate.
Coverage
Newest first; wire copies grouped- decryptRobinhood Set to Join S&P 500 as Bitcoin Giant Strategy Misses Out Shares of Robinhood soared 7% in after hours trading after the retail brokerage, which focuses heavily on digital assets, was added