In today's crypto news, Block has officially joined the S&P 500, which expands the index's exposure to Bitcoin. Block, owned by Jack Dorsey, holds approximately $1 billion in Bitcoin, making it the 13th-largest corporate holder. The company's stock has risen nearly 14% since the S&P 500 announcement. Meanwhile, Goldman Sachs and BNY Mellon are preparing to offer tokenized money market funds to institutional investors, promising real-time settlements and improved market efficiencies. This initiative comes shortly after the US SEC paused Bitwise's attempted conversion of its crypto index fund into an ETF. While Bitwise received accelerated approval initially, the SEC stated that the order is temporarily stayed pending further review. Analyst opinions suggest that the SEC may be stalling until an ETF listing standard is established.

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