Crypto’s S&P 500 Takeover Accelerates: Block Joins Coinbase in Historic Index Inclusion
Crypto just leveled up its Wall Street street cred—again.
First came Coinbase. Now Block (formerly Square) crashes the S&P 500 party, marking another watershed moment for digital assets going mainstream. The index gatekeepers might need smelling salts.
Wall Street’s reluctant embrace
Traditional finance keeps playing catch-up as crypto infiltrates the hallowed S&P 500. First with Coinbase’s landmark inclusion last year, now with Jack Dorsey’s Block getting the nod. The old guard’s ‘careful consideration’ looks more like forced adoption every quarter.
Index inclusion = institutional validation
Forget ‘meme stock’ sneers—this double-play signals crypto’s irreversible march toward legitimacy. The same suits who dismissed Bitcoin now can’t ignore the $2T+ sector elbowing its way into their benchmarks. Funny how performance metrics change minds.
The cynical kicker: Nothing accelerates institutional adoption like FOMO and fee revenue. The S&P committee didn’t suddenly love decentralization—they just recognized an asset class too big (and lucrative) to exclude. Welcome to finance’s version of ‘if you can’t beat ’em, index ’em.’
