MSCI exclusion risk largely priced in as Bitcoin eyes $95,000-$100,000 by year-end

The risk that MSCI will remove Bitcoin treasury companies from its global indexes is largely priced in, while Bitcoin could reach $95,000 to $100,000 by year-end. In an Oct. 16 Bitcoin Magazine interview, Sean Ferrell, head of Digital Asset Strategy at Fundstrat Global Advisors, said the market has had several months to digest a potential change to MSCI’s index eligibility criteria. An exclusion decision could trigger a negative initial reaction, he said, but would probably not cause a major disruption. Ferrell estimated that MSCI-linked indexes hold about 13 million Strategy shares, equivalent to roughly $2 billion in potential flows. He said the amount was not systemic, noting that Strategy issued about $2 billion of stock in mid-August under less liquid market conditions.

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