SBET has been added to the Russell Index, and institutions are starting to target ETH treasury holdings—this approach seems to work.

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Sharplink Gaming will be added to the Russell 2000 and 3000 indices
CryptoWorld News, Sharplink Gaming (SBET) will be added to the Russell 2000 and Russell 3000 indices on June 29, potentially attracting more institutional demand. Sharplink is one of the largest public holders of ETH, holding 872,984 ETH in early May, with a market value of about $1.8 billion, making it the second-largest public ETH treasury, only behind Bitmine's 5.4 million ETH. The stock price has fallen about 95% from last year's high, but it is still more than double the level before shifting to an ETH treasury strategy. CEO Chalom stated that inclusion in the indices validates its institutional-grade ETH treasury strategy and will enhance access to capital markets.
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