Crypto
Bitmine on preliminary list for Russell 1000 inclusion, raising hopes for ETF and passive inflows
U.S.-listed Bitmine Immersion Technologies has been placed on a preliminary list for inclusion in the Russell 1000 index. If inclusion is confirmed, market participants are discussing the possibility of large inflows via passive funds and exchange-traded funds. Chairman Tom Lee said Bitmine’s market capitalisation exceeds the $5.7 billion minimum threshold. Bitmine also disclosed it holds 5,278,462 ether and has staked 4,712,917 ether, while pushing back its 5 percent supply target timeline.
