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Sharplink Gaming will be added to the Russell 2000 and 3000 indices

CoinNetwork
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CryptoWorld News, Sharplink Gaming (SBET) will be added to the Russell 2000 and Russell 3000 indices on June 29, potentially bringing new institutional demand for its stock. The Russell indices are benchmarks for U.S. stocks, with approximately $12 trillion in assets associated with them. Inclusion in the Russell 2000 may increase trading volume and institutional holdings. Sharplink is one of the largest public holders of Ethereum (ETH), holding 872,984 ETH in early May, worth about $1.8 billion, making it the second-largest public ETH treasury, second only to Bitmine's 5.4 million ETH. The stock has fallen about 95% since the speculative peak in May last year but remains more than double the level before shifting to an Ethereum treasury strategy. Sharplink CEO Joseph Chalom stated that the index inclusion validates the company's "institutional-grade ETH treasury strategy," which will enhance its "capital market access."
SBET-0.8%
US20000.27%
ETH-0.92%
BMNR1.85%
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OwlMarketMonitoringLamp
· 9h ago
872k ETH treasury, this size is still small compared to Bitmine.
View OriginalReply0
MemeSourdough
· 9h ago
The CEO is right; tokenization is the first step for institutional endorsement.
View OriginalReply0
PanicSellPaul
· 9h ago
Treasury strategy verification succeeded, next to see if we can enter the S&P.
View OriginalReply0
GateUser-8e84d799
· 9h ago
95% drawdown + index inclusion, a typical dilemma reversal script
View OriginalReply0

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