The first Bitcoin financial service company Fold Holdings has been included in the Russell 2000, while MSCI plans to exclude encryption holdings companies.
According to ChainCatcher news and beincrypto news, Bitcoin financial service company Fold Holdings (NASDAQ: FLD) announced on December 22 that it has been included in the U.S. small-cap benchmark index Russell 2000, becoming the first publicly listed Bitcoin financial service company to be included, currently holding over 1,500 BTC.
At the same time, the global index provider MSCI is considering excluding companies that hold digital assets exceeding 50% of their total assets from its indices. According to analysis by JPMorgan, if Strategy is removed by MSCI, it could face an outflow of $2.8 billion, and if other indices follow suit, the outflow could reach $8.8 billion. The consultation period for MSCI will end on January 15, and a final decision will be announced. Currently, 38 companies are at risk of exclusion, with a total market capitalization of $46.7 billion.
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The first Bitcoin financial service company Fold Holdings has been included in the Russell 2000, while MSCI plans to exclude encryption holdings companies.
According to ChainCatcher news and beincrypto news, Bitcoin financial service company Fold Holdings (NASDAQ: FLD) announced on December 22 that it has been included in the U.S. small-cap benchmark index Russell 2000, becoming the first publicly listed Bitcoin financial service company to be included, currently holding over 1,500 BTC. At the same time, the global index provider MSCI is considering excluding companies that hold digital assets exceeding 50% of their total assets from its indices. According to analysis by JPMorgan, if Strategy is removed by MSCI, it could face an outflow of $2.8 billion, and if other indices follow suit, the outflow could reach $8.8 billion. The consultation period for MSCI will end on January 15, and a final decision will be announced. Currently, 38 companies are at risk of exclusion, with a total market capitalization of $46.7 billion.