Strive Slams MSCI Plan to Exclude Bitcoin Treasuries from Indexes
Strive has publicly rebuked MSCI’s proposed rule to exclude firms holding Bitcoin on their balance sheets from index inclusion, saying the change risks undermining benchmark accuracy and the construction of global portfolios. The asset manager argues the policy would effectively penalize corporate treasury decisions, create arbitrary exclusions, and introduce avoidable tracking error for funds tied to MSCI products.
The concern matters for investors who use indexes as a core building block: forced reweightings could trigger significant passive flows, reduce market liquidity for affected stocks, and limit one path to BTC exposure via equities. Strive is urging MSCI to publish clearer rationale and impact analysis before finalizing the rule, warning that a rushed exclusion could have wide-reaching effects on portfolio composition and market stability.