MSCI's Non-Operating Screen: What the November 11 List Means for Bitcoin Treasury Stocks
On November 11, MSCI will publish a final list of companies potentially affected by its new non-operating-company screen. Passive money supplies the consequence: funds tracking affected benchmarks must adjust their holdings when constituents leave. Publication itself does not force every named stock out. MSCI’s October 15 announcement, released at 08:48 PM GMT, adopts the August 3 proposal with minor modifications. Implementation comes with the November review, effective at the close of November 30, 2026. ...