Bitmine will be added to the Russell 1000 Index today
Svmuu News Nasdaq Bitmine, a treasury company listed on Ethereum, announced that it will be added to the Russell 1000 Index on June 26. Last month, Bitmine disclosed that its market capitalization had exceeded the $5.7 billion minimum threshold for inclusion in the Russell 1000 large-cap index,thereby making it onto the preliminary candidate list. The index measures the overall performance of approximately 1,000 of the largest U.S. publicly traded companies by market capitalization. Currently, many active fund managers invest in Russell 1000 constituents, and it is estimated that 20–25% of the total market capitalization of the constituents is held by passive index funds or ETFs.
Source:Odaily · Source Link
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