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Industry
Who buys after SpaceX IPO? Index inclusion and insider sales in focus
Warnings are growing that SpaceX’s planned IPO could create a structure unfavourable to retail investors as rule changes lower thresholds for inclusion in major stock indexes. Faster entry could compel ETFs and pension funds tracking those indexes to buy shares soon after listing, despite limited tradable supply. Analysts also flag an insider selling schedule that may allow sales soon after earnings releases, alongside concerns over governance and recent losses.
Crypto
ETH and SOL treasury firms Sharplink, Forward set to join Russell indexes
Two U.S.-listed companies holding Ethereum and Solana as core assets have been placed on a preliminary list for inclusion in Russell indexes. CoinPost reported Sharplink and Forward Industries are set to join the Russell 2000 and Russell 3000 on June 29. Sharplink holds 868,699 ether worth about $1.8 billion, while Forward’s Solana holdings were put at about $585 million. Executives said index inclusion could broaden their shareholder base and improve liquidity.
Crypto
21Shares Hyperliquid spot ETF THYP debuts with $1.2 million net inflows on first day
21Shares launched its first exchange-traded fund based on Hyperliquid, with the product starting to trade on Nasdaq under the ticker THYP. On its first trading day, the ETF recorded $1.8 million in turnover and about $1.2 million in net inflows, Cryptopolitan reported. The fund offers exposure to HYPE without direct token ownership, and 21Shares also introduced a 2x daily leveraged ETF, TXXH.
