Cboe renewed its exclusive S&P 500 options licence with S&P Dow Jones Indices to 2051, keeping a market that traded a record 970.6 million contracts in 2025. The tokenized-options language in the 25-year deal commits neither firm to a product, so the value anyone can count today sits in the existing contract.
Reality
- Evidence55
- Adoption50
- Hype gap+30
- Incentives55
- Confidence60
Kaiko's $110m was more than three-fifths of everything disclosed in crypto venture funding in the week to September 18. It came from the index provider whose crypto products already carry Kaiko's reference rates.
Reality
- Evidence52
- Adoption35
- Hype gap+15
- Incentives65
- Confidence58
The index house behind the S&P 500 led the investment that took Kaiko to $110 million in total funding. Subtract the three earlier rounds and the new money is about $28 million, going into a partner whose product had already shipped.
Perspective Coverage
4 publishers
- Builder
- Builder 35%
- Operator
- Operator 28%
- Investor
- Investor 37%
Reality
- Evidence62
- Adoption58
- Hype gap+18
- Incentives70
- Confidence68
S&P Dow Jones Indices removes Nike from the S&P 100 on the 21st after 18 years, a market-cap ranking catching up with a global footwear share that fell three points and a China business down from nearly 20% of revenue to about 13%.
Reality
- Evidence44
- Adoption61
- Hype gap+26
- Incentives56
- Confidence54
J.P. Morgan puts the required index-fund purchase at 16.7 million shares, close to three normal sessions of volume. The business and the buying are on separate tracks.
Reality
- Evidence56
- Adoption58
- Hype gap+12
- Incentives46
- Confidence54