Analysis: If MSCI removes crypto treasury companies from its indices, it could trigger a forced sell-off of $15 billion in cryptocurrencies.

If MSCI proceeds with its plan to remove crypto asset treasury companies from its indices, these companies could be forced to sell up to $15 billion worth of cryptocurrencies. The group "BitcoinForCorporations," opposing the MSCI proposal, predicts, based on a verified preliminary list of 39 companies with an adjusted total market capitalization of $113 billion, that they would face an outflow of $10 billion to $15 billion. The group added that, according to JPMorgan Chase analysis, if Strategy is removed from the MSCI index, its outflow could reach $2.8 billion. Strategy accounts for 74.5% of the affected total market capitalization after adjustment. Analysts calculate that the potential total outflow from all affected companies could reach $11.6 billion. Such a large outflow would put even greater selling pressure on the crypto market, which has been trending downwards for the past three months. At the time of writing, the petition from "BitcoinForCorporations" has garnered 1,268 signatures. (Cointelegraph)