From Nasdaq

May 14, 2025 12:15:00 PM:

Coinbase Global (COIN) will join the S&P 500 Index on May 19, replacing Discover Financial Services. This marks a significant milestone as the first digital asset player to be included in the benchmark index, causing a 24% surge in stock price. Analysts predict up to $16 billion in capital inflows post-inclusion.

The move to the S&P 500 signifies broader acceptance of cryptocurrency-related companies in mainstream finance. This development is expected to attract new investors to Coinbase, with analysts projecting billions in fresh capital inflows. With an increased market presence, Coinbase is set for solid growth prospects and potential acquisition of Dubai-based Deribit for $2.9 billion.

Investors looking to tap into Coinbase’s growth can consider ETFs like First Trust SkyBridge Crypto Industry & Digital Economy ETF, Global X Blockchain ETF, Fidelity Crypto Industry and Digital Payments ETF, iShares Blockchain and Tech ETF, and Bitwise Crypto Industry Innovators ETF. These ETFs offer exposure to companies driving cryptocurrency innovation and can provide diversified investment options in the crypto industry.

Read more at Nasdaq: Coinbase to Join S&P 500, Shares Rally: ETFs to Buy