Coinbase is Joining the S&P 500!

By Cje95 | Chronic Illness and Crypto | 13 May 2025


Huge news in the after hour markets today as the S&P 500, a benchmark index, announced that Coinbase would be added. This change will officially take place before the trading day on May 19th (next Monday). After this announcement the stock soared and was up over 10% after hours.

 

The reason that this is huge is there are multiple large institutional funds that require S&P 500 stocks be included or even only exclusively hold them. Hence an additional upward pressure on the stock as these funds will be required to purchase. For the year Coinbase is down 17% and has had kinda meh numbers however they have announced some key acquisitions. We all know what Bitcoin has been doing this year with it up over double digits so it will be interesting to see if this could serve as a catalyst to drive Coinbase even back up to its beginning of the year level. 

 

 

 

 

Please know I am not a financial advisor and make sure you do your own research! If you enjoyed this article and would like to support me further below are a few referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

 

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Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C.! Huge sports fan, space nerd, and international newsreader! Follow me on Twitter @Cje95_


Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

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