According to @StockMKTNewz, Ares Management (ARES) will replace Kellanova (K) in the S&P 500 effective before the U.S. market open on Thursday, December 11, 2025. Source: @StockMKTNewz. Constituent changes become effective at the announced time and typically trigger rebalancing by index-tracking funds, which can concentrate liquidity and short-term volatility in the added and removed stocks. Source: S&P Dow Jones Indices. Crypto traders should monitor cross-asset risk sentiment around major U.S. equity index events, as periods of positive correlation between BTC and U.S. equities have been documented, making such rebalances potential volatility cues for BTC and ETH. Source: CME Group.