[DigitalToday reporter Hyunwoo Chu] SpaceX was officially added to the Nasdaq 100 index on July 7, local time. It comes just weeks after its listing and shortly after it disclosed holding 18,712 bitcoin. JPMorgan estimated the index rebalancing would bring about $4.3 billion of passive inflows from Nasdaq 100-tracking funds and ETFs into SpaceX shares.

Foreign media outlets including Bitcoin Magazine reported on July 7, local time, that SpaceX's addition to the Nasdaq 100 carries distinct significance in several respects. It means a rules-based channel has opened for institutional money to gain bitcoin exposure through corporate financial structures, without active allocation decisions, new investment guidelines or direct cryptocurrency purchases.

Passive index funds and ETFs must add constituents in line with index weights. With SpaceX becoming a new component, funds mechanically buy the stock regardless of their short-term outlook for the bitcoin market. SpaceX's bitcoin holdings have a fair value of about $1.2 billion based on filings, and now sit inside one of the world's most widely held indexes. This is demand created by index rules, distinct from direct inflows into bitcoin ETFs or voluntary corporate buying.

With SpaceX added alongside Tesla and Strategy, the Nasdaq 100 now has 3 companies with meaningful bitcoin treasuries. SpaceX's initial weight is not large, but it is viewed as a precedent showing that a high-growth, high-interest company can bring bitcoin exposure into institutional equity portfolios within existing governance structures.

Bitcoin held by listed companies has now exceeded 1,260,000 in total. That is evidence the strategy is spreading beyond bitcoin-focused firms to diversified businesses. This inclusion is expected to remain an example showing corporate bitcoin strategies can expand into the core of institutional equity markets.