Cathie Wood Says ‘Index-Sensitive Managers Will Be Compelled to Consider’ Coinbase As Crypto Exchange Platform Joins S&P 500 Index
ARK Invest CEO Cathie Wood applauded Coinbase Global Inc. (NASDAQ:COIN) on its inclusion in the S&P 500 index, marking the first cryptocurrency company to achieve this milestone.
What Happened: Wood responded to Coinbase CEO Brian Armstrong‘s announcement by congratulating both him and the company on X, calling the recognition “well deserved.”
She noted that while active managers like ARK Invest rely on fundamental research rather than index providers to select stocks, the inclusion of Coinbase in a major index would force index-tracking funds to take notice. “Index-sensitive managers will be compelled to consider COIN now,” Wood wrote.
The S&P 500 addition represents a watershed moment for cryptocurrency legitimacy in traditional finance, potentially forcing index fund managers to allocate capital to the digital asset …
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