Global Index Maker MSCI Defers Decision on Dropping Crypto-Focused Companies
Global index provider MSCI has deferred a decision on whether to change how it treats companies with significant digital asset exposure, maintaining the status quo after a consultation that raised questions around classification, balance sheet volatility, and index construction.
Results of the review published Tuesday covered so-called digital asset treasury companies, or DATCOs, a category that includes firms whose balance sheets are heavily weighted toward holdings such as Bitcoin or other crypto assets.
Its review “confirmed institutional investor concern that some DATCOs exhibit characteristics similar to investment funds, which are not eligible for inclusion” for its indices, the statement reads.
The decision…
