MSCI move to delist crypto-heavy firms could trigger $15B sell-off

A potential move by Morgan Stanley Capital International (MSCI) to exclude companies with large cryptocurrency holdings from its indexes could trigger up to $15 billion in selling pressure. Cointelegraph reported that the Bitcoin for Corporations initiative estimated such a move could lead to $10 billion to $15 billion in capital outflows. The estimate is based on a list of 39 companies with a total market capitalization of $113 billion in publicly traded shares, and an exclusion could deliver a significant shock to the recently bearish crypto market. MSCI began consultations in October on a proposal to delist companies whose balance sheets consist mostly of crypto assets, with a final decision expected on Jan. 15, 2026. If confirmed, the change would be reflected in the February MSCI regular index review. Separately, JPMorgan has warned that the exclusion of Strategy alone could result in $2.8 billion in outflows.