Search results for Russell 3000
Industry
OpenAI, Anthropic and SpaceX IPOs loom, testing U.S. market’s ability to absorb supply
SpaceX and Anthropic have begun IPO procedures and OpenAI may follow, raising questions about whether U.S. markets can absorb new listings from large private tech firms. Market focus is on shifts in supply and demand after listings, including index inclusion and lock-up expiries that could release large volumes of shares. Estimates suggest up to $4 trillion in market value could be added if all three list.
Crypto
KOSPI at 8,400 raises question of when bitcoin will rise as Ethereum foundation infighting spreads
South Korea\'s KOSPI has broken above 8,400 for the first time and is up 100 percent this year, led by a semiconductor rally and inflows into leveraged chip ETFs. By contrast, domestic crypto trading value has fallen about 80 percent and the so-called kimchi premium has turned negative. Attention is also on the U.S. Clarity bill, a proposed federal bitcoin reserve law, and debate inside the Ethereum Foundation over priorities and governance.
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.
