MSCI removes three crypto treasury companies at once.
Odaily reports that the November review confirmed Strategy’s removal from the MSCI USA Index, Metaplanet’s removal from the MSCI Japan Small Cap Index, and Upexi’s removal from the MSCI USA Micro Cap Index. The changes take effect after the market close on November 30. This follows the rollout of MSCI’s new “non-operating companies” framework, adopted on October 15 and applied in the November review. ETH treasury company SharpLink remains on the watchlist and was not removed this time.
· The report says funds tracking the relevant indexes will need to adjust their holdings, reducing demand for these stocks.
· In its consultation response, Strategy disclosed that funds tracking the MSCI Global Investable Market Index hold about 13 million MSTR shares, equal to 3.1% of its basic shares outstanding.
Would you first watch for passive selling pressure around the November 30 effective date, or SharpLink’s next move on the watchlist?
$BTC
Odaily reports that the November review confirmed Strategy’s removal from the MSCI USA Index, Metaplanet’s removal from the MSCI Japan Small Cap Index, and Upexi’s removal from the MSCI USA Micro Cap Index. The changes take effect after the market close on November 30. This follows the rollout of MSCI’s new “non-operating companies” framework, adopted on October 15 and applied in the November review. ETH treasury company SharpLink remains on the watchlist and was not removed this time.
· The report says funds tracking the relevant indexes will need to adjust their holdings, reducing demand for these stocks.
· In its consultation response, Strategy disclosed that funds tracking the MSCI Global Investable Market Index hold about 13 million MSTR shares, equal to 3.1% of its basic shares outstanding.
Would you first watch for passive selling pressure around the November 30 effective date, or SharpLink’s next move on the watchlist?
$BTC
