For those following companies that hold crypto assets, note the time: after 6:00 a.m. Beijing time on November 12, MSCI will announce the additions and deletions from this index review. The changes will take effect after the market close on November 30.
MSCI has announced new screening rules for non-operating companies. The temporary restrictions previously applied to companies whose digital assets account for more than 50% of total assets will also end with this review. Going forward, index eligibility will be assessed under the new rules. A company’s share of crypto holdings alone is not enough to conclude that it will definitely be removed.
When reviewing the news, check the final list, how the rules apply, and the effective date separately. Changes to index eligibility apply to a company’s stock and are not direct evidence that the company has sold its BTC.
Stocks and crypto assets are both subject to volatility. Do not make concentrated bets based on speculation about the list.
Source: MSCI official announcement
https://ir.msci.com/news-releases/news-release-details/msci-november-index-review-announcement-scheduled-november-11
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MSCI has announced new screening rules for non-operating companies. The temporary restrictions previously applied to companies whose digital assets account for more than 50% of total assets will also end with this review. Going forward, index eligibility will be assessed under the new rules. A company’s share of crypto holdings alone is not enough to conclude that it will definitely be removed.
When reviewing the news, check the final list, how the rules apply, and the effective date separately. Changes to index eligibility apply to a company’s stock and are not direct evidence that the company has sold its BTC.
Stocks and crypto assets are both subject to volatility. Do not make concentrated bets based on speculation about the list.
Source: MSCI official announcement
https://ir.msci.com/news-releases/news-release-details/msci-november-index-review-announcement-scheduled-november-11
Binance Wallet referral code: MOLLY666
