Bitcoin Policy Institute Urges MSCI to Withdraw Proposal to Exclude Non-Operating Companies

The Bitcoin Policy Institute (BPI) has published a report criticizing MSCI's August proposal to exclude "non-operating companies" from its indices. Author Connor Brown argues that the criteria, which rely on five financial ratios and a proprietary "business asset" classification, are flawed. The BPI is calling for the withdrawal of the proposal or, at minimum, the creation of an opt-in index for investors. MSCI is expected to decide on the exclusion by October 16.