'Passive' investors who dodged bitcoin are now forced to own SpaceX, which is three times more volatile

SpaceX IPO introduces volatility to index investing, and crypto markets are along for the ride

SpaceX's $75B IPO has only 3-4% public float; index funds must rapidly acquire ~30% of shares, forcing volatility. The company holds $1.3B Bitcoin, giving unwitting indirect crypto exposure to index trackers.