Analysis: If MSCI removes crypto treasury companies from its indices, it could trigger a forced sell-off of $15 billion in cryptocurrencies.

According to Odaily Planet Daily, if MSCI proceeds with its plan to remove cryptocurrency treasury companies from its indices, these companies could be forced to sell up to $15 billion worth of cryptocurrencies. The group "BitcoinForCorporations," opposing MSCI's proposal, predicts, based on a verified preliminary list of 39 companies, that with a total adjusted circulating market capitalization of $113 billion, these companies would face an outflow of $10 billion to $15 billion. The group added that, according to JPMorgan Chase analysis, if Strategy is removed from the MSCI index, its outflow could reach $2.8 billion. Strategy accounts for 74.5% of the total adjusted circulating market capitalization affected. Analysts calculate that the potential total outflow from all affected companies could reach $11.6 billion. Such a large-scale outflow would put even greater selling pressure on the cryptocurrency market, which has been trending downwards for the past three months. At the time of writing, the petition from "BitcoinForCorporations" has garnered 1,268 signatures. (Cointelegraph)