Robinhood (HOOD) will officially join the S&P 500 index on September 22, enhancing its visibility and demand as a significant player in the crypto space, following the addition of Coinbase (COIN) earlier in May. Robinhood's crypto transaction revenue reached $160 million in Q2, making it about 30% of its overall revenues, despite a decline from Q1 but a notable year-over-year increase. Meanwhile, Michael Saylor's company, MSTR, which holds a substantial Bitcoin investment, was not included in the index despite meeting criteria such as having a market cap of $93 billion. Analysts suggest that the committee values sector balance and representation more than strict adherence to criteria. Additionally, CoinShares is set to go public in the U.S. this year after significant growth in assets under management. The article highlights the ongoing trend of crypto companies aiming for public status and the effects these developments have on the broader market.

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