A paper from the non-profit think tank Bitcoin Policy Institute says a proposed MSCI screening rule on "operating assets" could push several companies out of major indexes, including Bitcoin treasury firm Strategy, Japan-listed Metaplanet, and uranium holder Yellow Cake. The note points to index eligibility rather than company-specific events as the source of the risk.
JPMorgan had previously estimated that if Strategy were removed from MSCI indexes, funds tracking those benchmarks could generate roughly $2.8 billion in selling. If other index providers were to take similar action, the paper says the total selling pressure could reach $8.8 billion.
MSCI is expected to make a decision on or before Oct. 16. Any resulting changes could take effect during the November index review, around Dec. 1. The item was cited by Bitcoin.com News and carried by Odaily.
Odaily reported that a paper published by the non-profit think tank Bitcoin Policy Institute said MSCI's proposed "operating assets" screening framework could lead to Bitcoin treasury company Strategy, Japan-listed Metaplanet, and uranium holding company Yellow Cake being removed from major indexes.
Three companies named in the paper
According to the paper, the proposed MSCI rule could affect Strategy, Metaplanet, and Yellow Cake.
JPMorgan estimate points to potential selling pressure
JPMorgan had previously estimated that if Strategy were excluded from MSCI indexes, funds tracking the relevant benchmarks could generate about $2.8 billion in selling. If other index providers were to follow, the selling could rise to $8.8 billion.
Decision expected by Oct. 16
MSCI is expected to decide on or before Oct. 16. Any related adjustments could take effect in the November index review, around Dec. 1.
The report cited Bitcoin.com News as the source.
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