Msci

MSCI has approved eligibility rules that could remove bitcoin treasury companies Strategy and Metaplanet from its global equity indexes after trading closes on Nov. 30. The move raises concerns over passive fund outflows from the companies’ shares, although any forced selling would not directly require sales of bitcoin.

MSCI has opened a consultation on rules that could exclude non-operating companies from its Global Investable Market Indexes. The proposal may affect bitcoin treasury firms including Strategy and Metaplanet if adopted in a future index review.

Bitcoin and XRP are struggling as crypto markets absorb stalled regulatory progress, renewed spot bitcoin ETF outflows and pressure from rising long-term yields. Despite the weak backdrop, some market participants continue to watch for a stronger move in the final months of the year.