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Crypto

Strategy faces MSCI removal risk, selling pressure may rise

MSCI has finalised rules to exclude non-operating companies from its indexes, raising the possibility that bitcoin-heavy treasury firms could be removed. The rules take effect after the close on Nov. 30. Strategy and Metaplanet are cited as directly exposed because crypto makes up a large share of their balance sheets. Existing constituents must be deemed ineligible in two consecutive annual filings to be removed, while new candidates can be blocked after one ineligible result.

Crypto

Strive buys another 2,000 bitcoin, closing in on second-largest public holder

Asset manager Strive has bought an additional 2,000 bitcoin, accelerating its push toward becoming the second-largest bitcoin holder among listed companies. It spent $169 million on the purchase, its third-largest bitcoin buy. The disclosure lifted Strive’s cumulative holdings to 29,462 BTC, ranking it fifth as of Oct. 5. Strategy remains far ahead with 848,000 BTC, while Twenty One, Metaplanet and MARA are also ahead. Strategy’s buying pace has slowed as it prioritises preferred share buybacks.

Crypto

Grayscale, 21Shares urge U.S. SEC to speed ETF review, allow confidential draft filings

Crypto industry participants including Grayscale, 21Shares and Andreessen Horowitz (a16z) have urged the U.S. Securities and Exchange Commission to make reviews of new exchange-traded products faster and more predictable. Proposals include allowing confidential draft submissions, shortening regulators’ response deadlines and permitting staking structures for spot crypto products. Some firms cautioned that rushing registration could weaken consultation and market-making feedback, while others opposed making the entire registration process nonpublic.