Strategy, the world’s largest Bitcoin-holding company, has been officially removed from MSCI indexes.
An hour after the announcement, BTC fell 1% to $73,930.
Passive funds must liquidate their holdings by November 30.
JPMorgan estimates selling pressure could reach as much as $2.8 billion.
Strategy is one of the key channels for institutional investment in BTC.
With that channel cut off, BTC loses another source of liquidity.#黄仁勋再被曝与下属婚外情，或遭董事会罢免
An hour after the announcement, BTC fell 1% to $73,930.
Passive funds must liquidate their holdings by November 30.
JPMorgan estimates selling pressure could reach as much as $2.8 billion.
Strategy is one of the key channels for institutional investment in BTC.
With that channel cut off, BTC loses another source of liquidity.#黄仁勋再被曝与下属婚外情，或遭董事会罢免