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Industry
SpaceX early inclusion in Nasdaq 100 hits index funds, but experts say no need to avoid index investing
SpaceX’s early inclusion in the Nasdaq 100 led index funds tracking the benchmark to buy the stock automatically, but it is not seen as a structural risk that warrants avoiding index investing, an assessment said. The key issue is how index funds are managed and how stocks enter the index. Burton Malkiel warned SpaceX may be overvalued but said its inclusion is not a reason to shun index funds. Investors are watching governance concerns and changes in free float after lockups expire.
Crypto
Strive buys 17.76 bitcoin in sharp selloff, raising questions over dividend burden
Asset manager Strive bought an additional 17.76 bitcoin last week, lifting its total holdings to 19,882, according to an 8-K filing. The purchase was made from June 29 to July 2 at an average price of about $59,850. Strive said its second-quarter bitcoin yield was 24.0 percent, while noting the metric is not traditional and does not reflect debt or preferred claims. Cash holdings rose, but dividend obligations tied to its SATA preferred shares increased.
Crypto
Bitcoin retirement strategy re-emerges; 2 to 5 BTC seen needed around 2030
An analysis said 2 to 5 bitcoin may be needed to fund retirement around 2030, depending on price scenarios and withdrawal rates. BeInCrypto reported that institutional participation is boosting optimism but volatility risks remain. VanEck outlined a base scenario of $1 million by 2031, while other forecasts ranged from $120,000 to $250,000 by end-2026. Models using 4 percent and 6 to 8 percent withdrawal rates produced differing BTC requirements.