It's definitely bullish news for Bitcoin. Sometimes when markets are red no matter the magnitude of the news, it is not going to change that. Long-term though if it helps ETFs pass and another on-ramp into crypto why would that not be a very good thing?I would say this has to mean they will be adding more soon. My guess would be Steem , Bts and maybe Neo. They may not add Monero , I think they will want to stay away from Privacy coins.If CB adds more coins to their platform then it will be a decent diversified index. Yes, not much to it right now but an easy way for new money to hold crypto long term.This is standard in index funds to weight by market cap. Very reassuring to passive investors.
I hope steeem and Bts will be added as early as possible.
Great point. I agree 100% that they want to stay away from privacy coins. They are in the totally compliant line without a doubt. All which further limits the number of candidates to begin with and further ups the odds of STEEM and BitShares joining the club. Good insight.