Here’s How It Affects Your Investments
For years, the S&P 500 has been the most important benchmark for mainstream U.S. investing. But in a move that is turning heads on Wall Street and beyond, the index now includes Coinbase Global, Inc. (COIN) as its first crypto-native member.
If you invest in an S&P 500 index fund, you now have a stake in the world of digital assets, whether you planned to or not. Our analysis below helps you understand what this means for your portfolio.
Key Takeaways
- Coinbase, the largest U.S. crypto exchange, is the first crypto-native company to join the S&P 500.
- The move signals growing mainstream acceptance of crypto but also introduces new volatility and regulatory risks to the index.
- Coinbase represents a very small percentage (about 0.11%)…
