S&P 500, Coinbase and stock market index
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Shares of Coinbase rose sharply Tuesday on news that it would be included in the benchmark S&P 500 this month.
Bernstein bullish on Coinbase after S&P 500 inclusion, projecting $16B in potential inflows from passive & active investment. Also first crypto firm to join benchmark index.
Coinbase Global Inc. will join the S&P 500 next week, the first-ever crypto company to be included in the benchmark index. Coinbase soared in extended trading after the move was announced Monday.
Coinbase's inclusion in S&P 500 is a watershed moment for crypto industry. Here's what it may mean for top meme coins including Bitcoin Pepe.