🏛️ MSCI confirms Strategy’s removal from its indices at the end of November
MSCI has confirmed the final list: Strategy, Metaplanet, and Upexi will be removed from MSCI indices. The change takes effect after the market closes on November 30.
These are three prominent companies with strategies of holding crypto assets on their balance sheets. Being removed from an index means funds tracking MSCI indices may have to adjust their portfolios accordingly, so these stocks could see additional volatility around the rebalancing date.
For traders, this is a story to keep an eye on: passive outflows could affect sentiment toward companies holding $BTC , although the actual impact will depend on many other factors. (Not investment advice.)
How do you think being removed from a major index will affect the trend of companies accumulating coins? 🤔
#hoangducinvest #Bitcoin #Crypto
Source: Cointelegraph
MSCI has confirmed the final list: Strategy, Metaplanet, and Upexi will be removed from MSCI indices. The change takes effect after the market closes on November 30.
These are three prominent companies with strategies of holding crypto assets on their balance sheets. Being removed from an index means funds tracking MSCI indices may have to adjust their portfolios accordingly, so these stocks could see additional volatility around the rebalancing date.
For traders, this is a story to keep an eye on: passive outflows could affect sentiment toward companies holding $BTC , although the actual impact will depend on many other factors. (Not investment advice.)
How do you think being removed from a major index will affect the trend of companies accumulating coins? 🤔
#hoangducinvest #Bitcoin #Crypto
Source: Cointelegraph