Crypto Treasuries Enter Russell Indexes Amid Market Movements
- Ethereum treasury firm Sharplink and Solana-focused Forward Industries will join the Russell 2000 and 3000 indexes on June 29.
- Sharplink holds approximately $1.8 billion in ETH, trading at a market cap of $1.22 billion.
- Forward Industries’ SOL holdings are valued at $588 million, with a market cap of $350 million.
- BitMine Immersion Technologies will also be included in the Russell indexes.
- The inclusion places these firms among U.S. indexes with over $12.2 trillion in investments.
The inclusion of Sharplink and Forward Industries in the Russell Indexes highlights their growing significance within the crypto treasury space despite current market caps being lower than their asset valuations.
This move is expected to enhance trading liquidity and visibility for both firms, as stated by Forward Industries CEO Ryan Navi, amid fluctuating market values for their Ethereum and Solana holdings respectively.
