Coinbase Shares Could See $16B of Buying Pressure From S&P 500 Index Inclusion: Bernstein

Crypto exchange Coinbase (COIN) is soaring 16% early Tuesday after the Monday evening announcement of its inclusion into the S&P 500.COIN will be added to the S&P 500 index after the close on Friday, replacing Discover Financial Services (DFS) which is being acquired by Capital One (COF).Wall Street brokerage Bernstein estimates the move could lead to roughly $16 billion of buying pressure for Coinbase — around $9 billion from passive funds linked to the S&P 500 and $7 billion from active allocations.Coinbase is the "first and only crypto company to join the S&P 500," analysts led by Gautam Chhugani wrote source: https://www.coindesk.com/markets/2025/05/13/coinbase-shares-could-see-usd16b-of-buying-pressure-from-s-and-p-500-index-inclusion-bernstein