#MSCI未排除数字资产财库企业纳入范围 Suddenly shifts! MSCI announces that it will not exclude digital asset treasury companies in February, and institutions like MicroStrategy directly surged by 6% after hours. Companies with digital assets accounting for more than half of their total assets can finally breathe a sigh of relief—the risk of passive capital outflows is temporarily eased. However, the inclusion and weight adjustment are still frozen, and future rules will depend on subsequent notices.

This is actually a small contest between the crypto circle and traditional finance. MSCI initially worried that these companies have the characteristics of investment funds and wanted to directly remove them from the index. As a result, they faced strong opposition from the industry—after all, this involves a crypto asset holding of 137 billion USD. MSCI then shifted focus to studying how to distinguish between "investment-type" and "operational-type" coin-holding companies, and temporarily decided to maintain the status quo in February, avoiding further tinkering.

The market reaction was very straightforward: $BTC rose slightly by 1%. The underlying logic is also easy to understand—keeping these companies in the index means mainstream finance is quietly softening its attitude towards digital assets. Although the evaluation standards are not yet clear, this "pause button" itself sends a signal: cryptocurrencies are gradually gaining recognition from traditional finance. What happens next depends on MSCI's subsequent research results.