Bernstein Estimates $9 Billion Demand for Coinbase Shares Following S&P 500 Inclusion
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 […]