Vaneck Head of Digital Assets Research Matthew Sigel says that S&P Global Crypto companies in the S&P 500 index “S&P Global” snubbed “in the S&P 500 index.
Sigel points out that in an announcement of the S&P Dow Jones Indices (“S&P DJI”) the additions and deletions describes to its different indices, the largest crypto companies are noticeably omitted, even though they are an apparently solid candidates.
S&P Global is best known for maintaining the S&P 500 through its S&P Dow Jones Division, which is responsible for re -balancing the index.
In particular Sigel out Crypto Exchange Coinbase (Coin), Business Intelligence and Bitcoin (BTC) Hooder MicroSstratey (MSTR), Retail Trading Giant Robinhood (HOOD) and Jack Dorsey-Found Payments Firm Block (XYZ) should have been left to the durability of their company lods.
“Snubbeld!
Coin, Hood, MSTR and XYZ hit the required quantifications, but were bumped by S&P – it appears that there is a spectre that is beyond the figures …
Zero Tech of Financials added, but still seems conspiration. It seems that it seems that they will remain profitable. “
The S&P criteria for the index have various requirements for listed companies, including a market capitalization of at least $ 20.5 billion, positive income for the last four quarters, the issue of ordinary shares and more.
According to Sigel, Robinhood in particular should to stay Profitable “among almost every circumstance.”
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Follow us on X” Facebook And Telegram
Surf the Daily Hodl -Mix
Generated image: midjourney