news 
Title: Nasdaq to Add MicroStrategy to the Nasdaq-100 Index
As reported by various sources, Nasdaq Inc., the primary index provider for the technology-heavy Nasdaq-100 ETF (QQQ), has announced that it will include MicroStrategy Incorporated in its upcoming quarterly rebalancing process. This decision comes as no surprise, considering MicroStrategy’s recent surge in value due to its substantial Bitcoin holdings.
With this move, investors can expect a 0.1% allocation of the total index capital, which is roughly $352 billion. It is essential to note that Nasdaq-100 ETF does not distribute companies equally; instead, it applies a cap-weighted approach. This means that larger companies will have a greater influence on the fund’s performance.
It is crucial to understand that MicroStrategy’s inclusion in the index does not necessarily mean its value will increase further. The decision is based solely on market capitalization and should not be seen as an endorsement or prediction of the company’s future performance.
This information comes at a time when the cryptocurrency market, including Bitcoin, has experienced significant volatility.
Source: coinjournal.net
