Index funds may generate approximately $9 billion in demand for Coinbase shares following their inclusion in the S&P 500, according to calculations by Bernstein, reports The Block.
Investments from active funds tracking the popular benchmark are expected to reach around $7 billion.
Matthew Sigel, head of digital asset research at VanEck, estimated the total purchase volume of Coinbase shares at approximately $10 billion.
?Coinbase Global Set to Join S&P 500 ?
Stock +9% after hours.
The S&P 500 is the Bitcoin of stock indices: most trusted, most tracked, & the ultimate passive flows magnet. With at least $5T tracking it & assuming a ~0.2% weight, index funds will be buyers of ~$10B+ $COIN. pic.twitter.com/yL4AHcTsj5
— matthew sigel, recovering CFA (@matthew_sigel) May 12, 2025
“Coinbase has gone from litigation with the SEC just a few months ago (later the regulator withdrew its claims) to being added to the S&P 500,” states the Bernstein review.
Analysts estimate that with a current market capitalization of about $52 billion, the company’s shares represent approximately 0.1% of the total market value of the leading stock index ($52 trillion) and about 0.7% of its share in the financial sector.
Experts have set a “buy” recommendation for the cryptocurrency exchange’s securities with a target of $310, implying a 49.6% increase from the May 12 closing level.
Experts attribute their optimism to President Donald Trump’s ambition to make America the “crypto capital of the world” and Coinbase’s potential to “ride the tailwind.”
Back in March, CFO of the platform Alesia Haas announced discussions with the SEC about launching operations with tokenized securities.
In April, Coinbase confirmed rumors about the possibility of applying for a U.S. federal bank license.
In May, the company agreed to acquire Deribit, the largest platform for trading bitcoin options, for $2.9 billion.