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SPCX rises above $175 and major indexes may add shares, Steve Grasso notes
Steve Grasso, director of institutional sales at Grasso Global, reported receiving an allocation in SPCX on June 12 and subsequently adding to his position.
According to Grasso, SPCX has already surpassed $175, starting the early unlock period. He observes that despite concerns about additional supply entering the market, major indexes such as MSCI, Nasdaq, and Russell will be required to purchase SPCX within the next 30 days, potentially into a limited available float.
Grasso has recently shared updates on other holdings, including maintaining a slightly positive position in SOUN. He also previously reported that the total market cap of stablecoins on Ethereum reached $322 billion, topping Ethereum’s own $256 billion capitalization at the time, and discussed growth in tokenized assets in a separate report. These disclosures follow a pattern of detailed position updates from the Grasso Global director.
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