AB Kuai Dong
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After reviewing, the global stock index company MSCI plans to remove various microstrategy companies from its stock index as previously announced.
In simple terms, there are too many opponents who believe that these U.S. listed companies hoarding BTC and ETH are more like investment funds rather than normally operating companies.
Therefore, mainstream stock index companies intend to kick out all companies that have more than 50% of their operations based on hoarding cryptocurrencies from the index.
The consultation period will continue until the end of December, and the stock index committee will announce the results before January 15.
Once MSCI executes this operation, it is expected that $2.8 billion in related funds will flow out of these companies, which will also trigger other stock index issuers to follow suit.
After all, not long ago, the S&P index issuer did not include them in the S&P 500 index even though Bitcoin microstrategy MSTR met the requirements.
In simple terms, there are too many opponents who believe that these U.S. listed companies hoarding BTC and ETH are more like investment funds rather than normally operating companies.
Therefore, mainstream stock index companies intend to kick out all companies that have more than 50% of their operations based on hoarding cryptocurrencies from the index.
The consultation period will continue until the end of December, and the stock index committee will announce the results before January 15.
Once MSCI executes this operation, it is expected that $2.8 billion in related funds will flow out of these companies, which will also trigger other stock index issuers to follow suit.
After all, not long ago, the S&P index issuer did not include them in the S&P 500 index even though Bitcoin microstrategy MSTR met the requirements.
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