Bernstein assessed the new demand for Coinbase shares at $9 billion after its inclusion in the S&P 500

The demand from index funds for shares of the Bitcoin exchange Coinbase after their inclusion in the S&P 500 index could amount to ~$9 billion. Such calculations were provided by Bernstein, reports The Block.

The volume of investments from active funds targeting a popular benchmark is expected to be around ~$7 billion.

Matthew Sigel, the head of digital asset research at VanEck, estimated the total volume of Coinbase stock purchases at ~$10 billion.

🚨Coinbase Global Set to Join S&P 500 👏

Stock +9% after hours.

The S&P 500 is the Bitcoin of stock indices: most trusted, most tracked, & the ultimate passive flows magnet. With at least $5T tracking it & assuming a ~0.2% weight, index funds will be buyers of ~$10B+ $COIN. pic.twitter.com/yL4AHcTsj5

— matthew sigel, recovering CFA (@matthew_sigel) May 12, 2025

"Coinbase has come a long way from the lawsuit with the SEC just a few months ago (later the regulator withdrew its claims*) before being added to the S&P 500,"* — says the Bernstein review.

According to analysts' estimates, with a current market capitalization of around $52 billion, the company's shares represent approximately 0.1% of the total market value of the leading stock index ($52 trillion) and about 0.7% of its share in the financial sector.

Experts have set a recommendation on the securities of the crypto exchange to "buy" with a target of $310. This implies a growth of 49.6% from the closing level on May 12.

Daily chart of Coinbase shares on the Nasdaq exchange. Data: Finviz. Experts explained their optimism by President Trump's desire to make America the "crypto capital of the world" and Coinbase's potential to "ride the tailwind."

Recall that in March, the CFO of the platform, Alessia Haas, announced discussions with the SEC about the idea of launching operations with tokenized securities.

In April, Coinbase confirmed rumors about the possibility of applying for a federal bank license in the USA.

In May, the company agreed to acquire Deribit — the largest platform for trading Bitcoin options. The deal amounted to $2.9 billion.