Large asset managers and institutional investors in the US will weigh their allocation in Bitcoin starting this Friday (13). This is because MicroStrategy ($MSTR), which currently acts as indirect exposure to Bitcoin, is expected to enter the Nasdaq 100 index on the day.
This could force an indirect allocation by traditional investors, including Vanguard, which has always been very critical of Bitcoin.
The tech giant's debut marks a significant moment for both the company and the Bitcoin market.
Cauê Oliveira, an onchain analyst at BlockTrends PRO, shows that Bloomberg data tells a very positive story for indirect leasing in Bitcoin. This is because, with the entry into the index, funds passively allocated in ETFs such as $QQQ and $NDQ will need to invest at least US$2.1 billion in the company's shares. Vanguard is one of them.
The move could generate a substantial increase in demand for the company's shares, experts say.
Indirect allocation in Bitcoin by Nasdaq
Therefore, it is in this demand that the factor of indirect allocation in Bitcoin comes in. The most intriguing aspect of this inclusion is the direct relationship between MicroStrategy and Bitcoin.
The company, led by Michael Saylor, is known for being the largest corporate holder of the cryptocurrency, with over 402,100 Bitcoins on its balance sheet.
In practice, by investing in MicroStrategy shares, the funds will also be, in a way, indirectly allocating to Bitcoin. This relationship makes $MSTR a unique asset in the market, with a large exposure to Bitcoin.
This dynamic could attract not only passive funds, but also institutional investors who want exposure to Bitcoin without directly dealing with the purchase and custody of the cryptocurrency.
With the expected increase in demand, MicroStrategy's share price, which has already risen significantly in 2024, could continue to rise. Experts point out that although the stock is already valued, inclusion in the Nasdaq 100 could lead to a new round of appreciation, driven by the inflow of capital from passive funds.
The move also highlights Bitcoin’s growing role in the traditional financial market. With MicroStrategy on the Nasdaq 100, Bitcoin gains visibility on one of the most important indices in the global market.