The latest preliminary list released by FTSE Russell shows that several crypto-related companies have met the criteria for inclusion in the Russell 3000 Index. If officially effective by the end of June, these companies may receive passive purchases from ETFs and mutual funds that track the index, increasing their visibility among traditional institutional investors.
Companies are distributed across different indices.
This list covers the 3,000 largest publicly traded companies in the United States. Based on the current threshold, the minimum market capitalization requirement for the Russell 3000 is approximately $146.4 million.
Among them, Galaxy Digital and Bitmine Immersion Technologies meet the criteria for the Russell 1000. Gemini, Sharplink, and Forward Industries appear on the preliminary list of the smaller-cap Russell indices.
Sharplink currently has a market capitalization of approximately $1.2 billion. The company's management stated that inclusion in an index would help attract new shareholders and improve access to capital markets.
The Russell 1000 is receiving greater market attention.
In comparison, the Russell 1000 carries stronger symbolic significance. This index tracks the 1,000 largest publicly traded companies in the U.S., with a current threshold of approximately $5.7 billion or more.
Earlier this week, Bitmine disclosed by Chairman Tom Lee that the company qualifies for inclusion in the Russell 1000 and has appeared on the preliminary list. According to this updated data, Galaxy Digital’s market capitalization is approximately $11.55 billion, also surpassing this threshold.
If ultimately included, Galaxy and Bitmine will enter the larger U.S. stock index universe, appearing alongside major public companies in benchmark allocations commonly used by institutions.
The subsequent schedule has been finalized.
FTSE Russell is expected to continue updating the list on June 5, June 12, and June 18. The restructured index will take effect officially after the close of U.S. markets on June 26.
The market typically views inclusion in a major stock index as a sign that a company is gaining greater visibility among mainstream institutional capital. This is because ETFs and mutual funds that track the Russell Index rebalance their holdings in tandem with index adjustments.
For crypto-related companies, this means potential buying interest is no longer limited to digital asset investors but could also extend to portfolios held by pension funds, retirement products, and traditional equity management institutions.