The shoe has dropped: MSCI just announced the results of its November review. Strategy has been confirmed for removal from the MSCI USA Index, and Metaplanet has also been removed from the MSCI Japan Small Cap Index. The changes take effect at the close on November 30. #Strategy may be dropped by MSCI, facing up to $2.8 billion in selling pressure
Take a step back and consider three points:
① Passive funds must rebalance their portfolios by November 30 in accordance with the rules. The pressure will fall mainly on the stock; the rules do not require the company to sell its coins;
② The “$2.8 billion” figure is an estimate made by institutions earlier. Actual selling will depend on the rebalancing results;
③ The news has been circulating for a month already, so its confirmation could initially amplify volatility. Don’t use leverage to bet on the direction. $BTC
Do you think the shoe dropping means the bad news is behind us, or is this just the beginning?
Take a step back and consider three points:
① Passive funds must rebalance their portfolios by November 30 in accordance with the rules. The pressure will fall mainly on the stock; the rules do not require the company to sell its coins;
② The “$2.8 billion” figure is an estimate made by institutions earlier. Actual selling will depend on the rebalancing results;
③ The news has been circulating for a month already, so its confirmation could initially amplify volatility. Don’t use leverage to bet on the direction. $BTC
Do you think the shoe dropping means the bad news is behind us, or is this just the beginning?