The index is rebalanced quarterly; recent additions include Jack Dorsey’s Block in July. Other contenders this round include Robinhood and Applovin.
The company meets all S&P 500 criteria: US domicile, >$22.7bn market cap, sufficient liquidity, and listed shares.
Bitcoin advocates call the potential inclusion “paradigm-shifting,” as it could force 401Ks, robo-advisors and pension funds to gain indirect exposure to bitcoin.
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