S&P Global Excludes Major Crypto Firms from S&P 500 Index
- VanEck’s Matthew Sigel claims S&P Global excluded crypto companies from the latest S&P 500 index update.
- Crypto firms like Coinbase, MicroStrategy, Robinhood, and Block were not added despite meeting quantitative criteria.
- S&P’s criteria include a market cap of at least $20.5 billion and positive earnings over four quarters.
- Concerns about the sustainability of these companies’ business models may have influenced their exclusion.
Matthew Sigel criticized S&P Global for omitting major crypto companies like Coinbase and Robinhood from the S&P 500 index, despite them fulfilling necessary financial criteria.
Source (2.6)https://dailyhodl.com/2025/03/10/coinbase-microstrategy-and-other-crypto-companies-snubbed-by-sp-global-vaneck-executive/?rand=59076
