According to reports from multiple media outlets in the finance and blockchain sectors, MSCI's final decision on whether digital currency treasury companies will be included in the index is expected to be announced externally on January 15, 2026. Once the proposal is approved, the corresponding adjustments will officially take effect during the index review period in February 2026.

**Timeline and Background of the Decision**

Last October, MSCI released a consultation document proposing a rather aggressive idea: removing companies with digital assets accounting for 50% or more of their total assets from the global investable market index. This document then entered a public consultation phase, with feedback collection ending at the end of 2025. Now, we await the final ruling on January 15. If approved, the February index rebalancing will exclude these companies.

**Potential Market Impact**

This proposal has caused quite a stir in the investment community, with a very active market response. Industry analysts generally believe that if this decision is implemented, it will trigger a massive outflow of passive funds. Specifically, according to BitcoinForCorporates' estimates, up to 39 companies could face withdrawal of passive funds totaling between $10 billion and $15 billion. Looking at individual companies, a report from JPMorgan pointed out that for large Bitcoin holders like Strategy, passive fund outflows related to MSCI indices alone could reach around $2.8 billion. This is just the direct impact; the ripple effects could be even more profound.

**Various Perspectives**

The controversy surrounding this proposal is significant, mainly revolving around a few core issues. First is the fundamental classification of companies—whether traditional listed companies holding digital assets should be considered "digital asset companies" is itself a contentious categorization.