SharpLink SBET to Join Russell 2000 and Russell 3000 on June 29
According to the latest report, SharpLink and Forward Industries, crypto treasury firms tied to Ethereum and Solana, will enter the Russell 2000 and Russell 3000, with index-linked funds expected to generate automatic buying after inclusion.
SharpLink and Forward Industries are set to join the Russell 2000 and Russell 3000 following FTSE Russell’s annual reconstitution, with the change expected to take effect at the U.S. market open on June 29. SharpLink has adopted an Ethereum treasury strategy, while Forward Industries holds Solana as a primary asset on its balance sheet. The companies are described as crypto treasury firms linked to Ethereum and Solana exposure through corporate holdings. Inclusion in widely tracked Russell equity benchmarks could raise both companies’ profiles among institutional, benchmark-oriented, and passive index-following investors. The latest report also says index-linked funds are expected to generate automatic buying after the official inclusion, highlighting how benchmark membership can directly affect demand for the shares.
- Russell 2000: A widely followed U.S. stock index that tracks smaller public companies and is often used as a benchmark for small-cap equities.
- Russell 3000: A broad U.S. stock index that measures a large share of the domestic equity market across large-, mid-, and small-cap companies.
- Ethereum treasury strategy: A corporate treasury approach in which a company allocates part of its balance sheet to Ether as a primary reserve or strategic asset.