Bitwise CIO Rejects Forced Bitcoin Sale Claims Amid MSCI Review
Matt Hougan dismisses speculation on Bitcoin divestment as MSCI weighs potential index removal decision that could prompt $2.8 billion in passive outflows.
BTC
Summary
Bitwise Chief Investment Officer Matt Hougan rejected suggestions that the firm might be compelled to liquidate its Bitcoin holdings, labeling the claim as completely wrong. The statement comes ahead of MSCI’s January 15 decision on whether to exclude such companies from its investable index. JPMorgan estimates that removal could trigger $2.8 billion in passive fund selloffs.
Terms & Concepts
- MSCI: A global financial services company known for creating stock market indexes used by investors worldwide.
- Passive selloff: The automatic selling of assets by index-tracking funds when a security is removed from the index.
- Bitcoin holdings: The amount of Bitcoin owned by an individual, company, or investment fund.