🚨 KEY INSIGHT – THIS CAN MOVE REAL FLOWS 🚨
MSCI is evaluating excluding companies with "excessive" exposure to Bitcoin (like Strategy / MSTR) from some traditional indices.
💥 Why does it matter?
▪️ Up to $9B in passive flows could be forced out
▪️ Indexed funds DO NOT have opinions → they buy or sell by rule
▪️ If MSTR is removed from certain indices, those ETFs must sell, regardless of the price
🧠 Correct reading (not obvious)
❌ It is not bearish for Bitcoin
❌ It is not a judgment on BTC
✅ It is a classification mismatch: "operating" company vs BTC vehicle
In fact:
▪️ It reinforces that MSTR already functions as a leveraged proxy for BTC
▪️ It accelerates the separation between traditional equity and digital monetary assets
▪️ It may increase pressure to create new hybrid indices (equity + digital assets)
📍 Practical implications
🔻 Spot volatility in MSTR if confirmed
🔺 Tactical opportunity if there are forced sales
🟢 BTC itself does not lose structural demand (ETFs ≠ MSCI)
