SpaceX will join the Nasdaq-100 before trading begins on July 7, marking a major milestone just weeks after its public debut. The addition is expected to trigger billions of dollars in automatic share purchases as index-tracking funds rebalance their portfolios.
Besides strengthening SpaceX’s position in major equity benchmarks, the move could also increase investor attention on companies holding Bitcoin as part of their corporate treasury strategies.
Index Rebalancing Expected to Drive Demand
JPMorgan estimates that passive funds and exchange-traded funds will buy nearly $4.3 billion worth of SpaceX shares following the index inclusion. Consequently, portfolio managers tracking the Nasdaq-100 must adjust their holdings to reflect the benchmark’s latest composition.
Most of the buying activity will likely occur around the July 6 market close and continue into the July 7 opening session. Additionally, the company qualified under Nasdaq’s revised rules, allowing certain large newly listed firms to enter the index much sooner.
Bitcoin Holdings Add Market Appeal
SpaceX also stands out because it reportedly owns 18,712 Bitcoin. Moreover, that digital asset position gives investors indirect exposure to Bitcoin through a Nasdaq-100 constituent. However, analysts continue monitoring the company’s recent bond issuance alongside its post-IPO stock performance as institutional interest remains strong.
Related: South Korea Supreme Court Sets New Rules for Crypto Asset Seizures
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
