ChainCatcher reports that Bitcoin News posted on X that MSCI is advancing a proposed methodology to classify Michael Saylor’s Strategy, Japan’s Metaplanet, and other digital asset treasury companies as “non-operating” businesses, potentially excluding them from the MSCI Global Investable Market Index. JPMorgan estimates that passive funds tracking the MSCI index may be forced to sell $2.8 billion worth of MSTR shares; if other index providers adopt similar rules, broader outflows could reach $8.8 billion. Strategy’s reverse analysis shows that funds tracking the MSCI index hold approximately 3.1% of its outstanding shares. A final decision is expected around October 16, with implementation potentially beginning on November 30.
MSCI Proposes Removing Firms with Bitcoin Holdings from Global Index
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Summary
MSCI proposes removing companies holding Bitcoin from its global index as the Fear & Greed Index fluctuates amid market uncertainty. The firm aims to reclassify Michael Saylor’s Strategy, Japan’s Metaplanet, and other digital asset custodians as “non-operational,” potentially excluding them from the MSCI Global Investable Market Index. JPMorgan estimates passive funds may be forced to sell $2.8 billion in MSTR shares, with broader outflows reaching $8.8 billion if other index providers follow suit. MSCI-index funds hold approximately 3.1% of Strategy’s float, according to reverse analysis. A final decision is due on October 16, with implementation likely on November 30. Bitcoin analysis shows mixed signals as investors await the outcome.
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