SharpLink and Forward Industries to be included in the Russell Index
According to Odaily, Ethereum reserve company SharpLink and Solana reserve company Forward Industries will be included in the Russell 2000 and Russell 3000 indexes after FTSE Russell's annual rebalancing, which is expected to take effect at the US stock market open on June 29.
SharpLink currently holds 868,699 ETH, valued at nearly $1.8 billion, making it the second largest publicly listed Ethereum reserve company after Bitmine. The company stated that inclusion in the indexes will enhance its institutional visibility and help attract funds tracking the indexes.
Forward Industries is currently the largest publicly listed Solana reserve company, holding SOL worth approximately $585 million. The company believes that inclusion in the indexes will support its long-term strategy to drive "growth in SOL holdings per share."
FTSE Russell data shows that about $12.2 trillion in assets are benchmarked to the Russell US indexes. This adjustment is also seen as the first entry of non-Bitcoin crypto reserve companies into the major Russell index system, which means index investors will indirectly gain exposure to ETH and SOL. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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