Analysis: If SpaceX is included in mainstream indices, passive funds may be forced to absorb the risks of highly volatile assets.

According to ME News, on June 17th (UTC+8), with SpaceX's impending inclusion in several major index systems, passive investors may be forced to hold the stock, thus being compelled to bear significantly increased portfolio volatility risk. Several index providers (including CRSP, Nasdaq, FTSE Russell, and MSCI) have already adjusted their rules for SpaceX's inclusion in major indices. Analysts point out that since SpaceX's current implied volatility is close to 120%, approximately three times that of Bitcoin-related ETFs (such as IBIT), it will become one of the most volatile components in the S&P 500 and Nasdaq 100. Industry insiders say that once large ETFs (such as the Vanguard Growth Index Fund) passively include SpaceX exposure, it will significantly increase the overall volatility of the index, sparking controversy over "passive investors passively bearing high-risk assets." However, some argue that as it enters the index system, continuous passive capital inflows and market-making mechanisms may reduce its extreme volatility and improve liquidity stability in the medium to long term. (Source: ME)