MarketVector and Coinbase unveiled an index tracking Bitcoin (BTC) alongside tokenized gold tokens PAXG and XAUT, highlighting a blended benchmark for digital and hard-asset value. The launch reflects growing interest in crypto as a store of value as Bitcoin’s equity correlation rises and gold posts stronger returns.
JPMorgan warned that a Strategy could be removed from the MSCI USA Index because of its Bitcoin holdings, a change that may force billions of dollars in index-driven outflows. The bank says the exposure to BTC is the key risk factor.