BlockBeats news, on May 23, Tom Lee, Chairman of BitMine, Ethereum’s largest treasury, expressed delight that BitMine (BMNR) has entered the preliminary candidate list for the Russell 1000 Index of large-cap stocks, with BMNR’s market capitalization exceeding the $5.7 billion minimum threshold for inclusion in the large-cap index. Notably, many active fund managers invest only in Russell 1000 Index constituents, and an estimated 20–25% of the total market capitalization of these constituents is held by passive index funds or ETFs.
BitMine Enters the Preliminary Candidate List for the Russell 1000 Index
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Summary
Ethereum news broke on May 23, 2026, as BitMine, the largest Ethereum fund, announced it has entered the preliminary candidate list for the Russell 1000 index. BitMine (BMNR) now exceeds the $5.7 billion market cap threshold. With many fund managers focused on Russell 1000 components, passive funds could drive further inflows. The Fear & Greed Index currently shows moderate optimism in the market.
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