Bitcoin Policy Institute Urges MSCI to Drop Proposed Index Exclusion Criteria

The Bitcoin Policy Institute (BPI) has formally requested that MSCI abandon a proposed rule change for its Global Investable Market Indexes (GIMI) that could lead to the exclusion of companies holding significant digital assets. The proposal introduces five financial criteria, including a subjective definition of "operating assets," to determine index eligibility. BPI argues that this could unfairly penalize firms like MicroStrategy and Metaplanet that maintain digital asset treasuries. MSCI concluded its public comment period on September 30 and is expected to announce its decision on October 16. BPI suggests that if the criteria are implemented, they should be applied as an opt-in index rather than a broad market standard.