Svmuu Ethereum reserve company SharpLink and Solana reserve company Forward Industries will be included in the Russell 2000 and Russell 3000 indices following the FTSE Russell annual reconstitution, effective at the opening of U.S. stock markets on June 29.
SharpLink currently holds 868,699 ETH, valued at nearly $1.8 billion, making it the second-largest publicly traded Ethereum reserve company after Bitmine. The company stated that its inclusion in the indices will enhance its institutional visibility and help attract capital tracking the benchmarks.
Forward Industries, currently the largest publicly traded Solana reserve company, holds approximately $585 million in SOL. The company believes that index inclusion will support its long-term strategy of driving "per-share SOL holdings growth."
According to FTSE Russell data, approximately $12.2 trillion in assets are benchmarked against the Russell U.S. indices. This adjustment is also seen as the first instance of non-Bitcoin crypto reserve companies entering the major Russell index system, meaning index investors will gain indirect exposure to ETH and SOL. (The Block)