SharpLink and Forward Industries to Be Added to Russell Indexes

KuCoinFlash

Release Time: 05/26/2026 20:47:08

Summary

Ethereum reserve company SharpLink and Solana reserve company Forward Industries will join the Russell 2000 and Russell 3000 indexes following the FTSE Russell annual rebalancing. The change takes effect at the U.S. stock market open on June 29. SharpLink holds nearly $1.8 billion in ETH, while Forward Industries controls approximately $585 million in SOL. Both companies view inclusion as a means to increase visibility and attract index-linked capital. The Russell indexes track $12.2 trillion in assets. This marks the first time non-Bitcoin crypto reserve firms have been added to major U.S. indexes, providing investors with indirect exposure to ETH and SOL. The move may influence trading strategies based on support and resistance levels or risk-to-reward ratio considerations.

Odaily Planet Daily reports that Ethereum Reserve Company SharpLink and Solana Reserve Company Forward Industries will be added to the Russell 2000 and Russell 3000 indices following the FTSE Russell annual reconstitution, effective at the opening of U.S. markets on June 29.

SharpLink currently holds 868,699 ETH, valued at nearly $1.8 billion, making it the second-largest publicly listed Ethereum reserve company after Bitmine. The company stated that inclusion in the index will enhance its institutional visibility and help attract funds that track the index.

Forward Industries is currently the largest publicly traded Solana reserve company, holding approximately $585 million in SOL. The company believes that inclusion in an index will help advance its long-term strategy of increasing SOL holdings per share.

FTSE Russell data shows that approximately $12.2 trillion in assets are benchmarked to the Russell U.S. indices. This adjustment is also seen as the first time non-bitcoin crypto companies have entered the major Russell index framework, meaning index investors will gain indirect exposure to ETH and SOL. (The Block)

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