MSCI Index Shake-Up Sparks Backlash
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JPMorgan flagged MSCI’s plan to remove crypto treasury firms like MSTR from major indexes, potentially triggering $2.8–8.8B in outflows. Speculation about JPMorgan holding a short position in MSTR has intensified the boycott, with supporters urging users to withdraw funds and back Bitcoin.
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The shake-up timing couldn’t be worse.
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Investors weren’t ready for this at all.