Everyone expected cryptocurrency reserve companies to be delisted by MSCI by January 15. However, the fears did not happen, at least not for now, because the decision may be unfavorable in the future. So, what is the last minute development on the MSCI front?
Cryptocurrencies Last Minute
Worldwide funds (ETFsMSCI is the name of the institution that prepares the most important stock market indices that it follows. This company is DATSS (Digital Asset Treasury Securities). cryptocurrency reserve He thought that companies trying to attract investors to their shares were “funds” and acted like funds. Last month, they announced that they could make a decision on this issue by January 15. However, the last minute announcement says that “this decision” has been postponed until the 2026 review.
Well cryptocurrency reserve companies will remain in the main indices, there will be no collapse with the flight of billions of dollars of passive investments. Strategy (MSTRThis development was great for ) and caused its share price to jump from $157 to $170 in after-market trading.
This is a great development because MSTR MNAV had reached the 1 limit and we were heading towards the nightmare days when it might have to sell BTC in the next period. Since the now priced delist has been canceled, the MSTR price, which will probably rise above $189, will also cause a recovery in MNAV. In this way, the company will be able to sell more shares for billion-dollar BTC purchases again.
Although the details of the announcement contain some annoying parts, in general it is better than direct delist.
“However, MSCI plans to launch a broader consultation process on the treatment of non-operating companies generally.
Feedback from the consultation process confirmed institutional investors’ concerns that some DATCOs exhibited characteristics similar to mutual funds that were not eligible for inclusion in the MSCI Indices. Feedback also highlighted that DATCOs may represent a subset of a broader group of companies whose business activities are predominantly investment-oriented rather than operational-oriented.
Further research and consultation with market participants is needed to distinguish between investment companies and other companies that hold non-operating assets, such as digital assets, as part of their core activities rather than for investment purposes.
Currently, it is published by MSCI and crypto assets The current index treatment of DATCOs that are front-listed companies that account for 50% or more of their total assets will not change.”
