Bitwise calls potential MSCI exclusion of crypto-holding firms discriminatory

Cryptocurrency asset manager Bitwise has criticized Morgan Stanley Capital International (MSCI) for its potential move to exclude companies holding significant cryptocurrency reserves (DATs) from its indexes, calling the action discriminatory. In a statement, Bitwise argued that the purpose of an index is to reflect the market, not to evaluate the merits of a particular business model. The firm noted that MSCI's suggestion that it might remove Strategy (MSTR) from its indexes raises concerns about the objectivity and eligibility criteria of the indexes. Bitwise expressed confidence in the long-term success of Strategy and other DATs, emphasizing that if MSCI were to delist these companies, it would be discrimination against both cryptocurrency and the fastest-growing asset class and its participants.