SpaceX will be included in the NASDAQ 100 index by July 7th. In the view of external sources, this inclusion is more noteworthy than the passive buyout brought about by the traditional index fund, but the encrypted market is already trading ahead of schedule around this stock, with some prices even found in the US stock break.

The chain products are traded before Wall Street.

According to the article, SpaceX completed its listing on 12 June, raising approximately $75 billion, with an estimate of nearly $175 trillion. The size of the associated passive purchaser is estimated to be $4.3 billion after the inclusion of 100.

However, before traditional funds were formally liquidated, multiple types of encryption products around SpaceX had become active. Its shares are traded not only in NASDAQ, but also in the form of monetization in Solana and the Ethera ecology, and are packaged into tracking vouchers and cash settlement contracts, which are traded on multiple platforms for 24 hours.

I'll give you the opening space.

The article mentions that on May 18, TradeXYZ launched SpaceX's permanent pre-market market. Prior to their official listing, such contracts had accumulated approximately $3.2 billion in trade on eight platforms, with the peak of the unsettled contract exceeding $390 million, of which Hyperliquid at one point exceeded $190 million.

As a result of the pricing, these contracts have given a closer forecast of the open market price. The combined average is about $155 in the final stage, the closing average is about $157, while the real opening price for SpaceX is $150.

However, high-leverage transactions in the chain have rapidly magnified volatility. According to the article, following the opening of the city of Nasdaq, the contracts were converted into a permanent product of a regular stock that tracked the spot price. With the stock price falling at $150 in late June, the settlement of the contract was over $50 million within 48 hours.

The four categories "SpaceX Opens" are different.

The article classifies the relevant products in the market into four categories: real shares, foreclosible coins, tracking vouchers and sustainable contracts. According to external sources, several categories of products vary considerably in terms of legal rights and bottom asset arrangements, but many retail users are not sufficiently distinguished before the transaction.

Among them, the original Solana currency, which was introduced by Backpack Securities, was allegedly supported by real stock in trust at 1:1, which was redeemed as a bottom stock; Ondo also launched similar tracking products on the Taifung and Solana. By contrast, xStocks is closer to a price-exposure tool, and the holder does not own the stock directly and does not have shareholder rights.

The article also mentioned that Binance Wallet had initiated a subscription campaign around xStocks-related SpaceX convertibles, attracting 27,689 wallet addresses, totalling $557 million. However, as the expected pre-market equity quota was insufficient, Binance, Bybit and Bitget eventually cancelled the allocation and refunded the full amount. This also reveals a real problem: tokenized products can package stock openings, but they cannot create real stock supply in a vacuum.

18,712 bitcoins still on the company's books.

In addition to the structure of the transaction, the article mentions that SpaceX disclosed in the listed documents that it held 18,712 bitcoin on the company ' s balance sheet. The bitcoin was purchased in 2021 at a cost of approximately $661 million and market value at recent prices of approximately $1.2 billion.

It is believed that, with SpaceX becoming a listed company, this part of the Bitcoin hold and its fair value changes will be disclosed on a quarterly basis, and that the company ' s follow-up financial statements will have the dual attributes of both the technology share and Bitcoin hold.