On December 13th, Nasdaq officially announced the results of the annual reconstitution of the Nasdaq 100 Index. The bitcoin concept stock MicroStrategy (MSTR) will be added to this index and become one of the 75 largest non-financial companies on Nasdaq.
It is reported that this addition will multiply the exposure of the Nasdaq 100 Index to bitcoin and expose MSTR to billions of dollars in passive investments.
The Nasdaq 100 Index: A Bellwether for Global Investment
The Nasdaq 100 Index consists of the 100 largest non-financial companies listed on the Nasdaq Stock Market. Its history can be traced back to January 1985 — nearly 40 years ago — when it was launched together with the Nasdaq Financial 100™ Index, which is composed of the 100 largest financial stocks listed on Nasdaq. These indices serve as benchmarks for financial products such as options, futures, and funds. The Nasdaq 100 is rebalanced every December, covering the non-financial enterprises with the largest market capitalization and is synonymous with technology and innovation. The addition of MicroStrategy means that bitcoin is no longer limited to the roles of “digital gold” or “speculative asset” but is becoming an important part of the traditional financial market.
All the other constituent stocks of the Nasdaq 100 Index are top companies in the market, such as Apple, Microsoft, Amazon, Nvidia, and Meta. The addition of MicroStrategy undoubtedly highlights that the crypto field is gradually entering the mainstream financial vision and becoming a competitor on the same stage as traditional financial giants.
For index investors, the addition of MicroStrategy will also significantly increase their indirect exposure to bitcoin. This passive investment method in cryptocurrencies may attract more institutional investors to pay attention to the bitcoin market and further expand the market scale.
Potential Impact on the Crypto Market
As one of the world’s largest bitcoin-holding companies, MicroStrategy’s entry into the Nasdaq 100 Index not only symbolizes the market’s recognition of bitcoin investment but also is expected to attract more attention from institutional investors. Cryptocurrencies are gradually transforming from speculative assets into an important part of the global investment portfolio, and the performance of MSTR may become a key indicator for observing the bitcoin market.
· James Van Straten, a senior analyst at CoinDesk, said that MicroStrategy’s inclusion in the Nasdaq 100 Index can be regarded as the second-biggest news in 2024, second only to the listing of the bitcoin spot ETF in the United States.
· Eric Balchunas, a senior ETF analyst at Bloomberg, said on social media that MicroStrategy’s joining the Nasdaq 100 Index has symbolic significance of the changing times.
SuperEx: Providing Globalized Crypto Asset Trading Services for Investors
Against this backdrop, as the world’s first decentralized crypto trading platform that put forward the concept of “free token listing”, SuperEx is committed to helping users seize investment opportunities in bitcoin and other crypto assets through innovative trading services.
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Efficient Trading Tools and Revenue Distribution
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Global Coverage and Localized Support
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With MicroStrategy’s joining the Nasdaq 100 Index, the mainstreaming process of crypto assets has accelerated once again. It can be foreseen that in the next few years, the digital asset market will usher in an unprecedented golden age.
In this process, innovative trading platforms like SuperEx will play an indispensable role in connecting the traditional financial world with the crypto world. By providing more efficient trading tools, richer asset selection, and a more convenient user experience, SuperEx is opening a new era of the digital economy for global users.
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