MSCI shelves plan to delist firms with large crypto holdings until 2026

Morgan Stanley Capital International (MSCI) plans to maintain the current composition of its indexes until its 2026 review, effectively shelving a proposal to exclude companies with significant digital asset reserves, AggrNews reported. Previously, MSCI had initiated market consultations in October of last year on a plan to remove companies whose balance sheets consist mostly of cryptocurrencies. The proposal had sparked industry concerns that such a move could trigger up to $15 billion in selling pressure on the crypto market. Matthew Sigel, Head of Digital Assets Research at VanEck, added that due to this decision, Strategy (Nasdaq: MSTR), a prominent company with a Bitcoin reserve strategy, will not be immediately removed from MSCI's indexes.