MSCI plans to remove companies such as Strategy from the index, potentially resulting in an outflow of $8.8 billion
MSCI plans to classify Michael Saylor's Strategy, Metaplanet, and other digital asset treasury companies as non operational enterprises, preventing them from being included in the MSCI Global Investable Markets Index. JPMorgan estimates that passive funds tracking MSCI indices may be forced to sell $2.8 billion worth of MSTR stocks; If other index providers adopt similar rules, the outflow of funds may reach $8.8 billion. Strategy analysis shows that funds tracking the MSCI index hold 3.1% of its outstanding shares; The final decision is expected to be announced around October 16th, and implementation may begin on November 30th. (Source: Bitcoin News)