Crypto ETF issuer Bitwise has launched an announcement in help of digital asset treasuries (DATs), together with Michael Saylor’s Strategy. The agency highlighted how the MSCI’s proposed exclusion of DATs makes the rule-based course of extra subjective and likewise places buyers at an obstacle.
Bitwise Defends Strategy Over Proposed MSCI Exclusion Of DATs
In an X post, Bitwise expressed its disappointment with the MSCI’s proposed exclusion of Saylor’s firm from its international indexes. The crypto ETF issuer remarked that the facility of an amazing index lies in its neutrality, as it’s meant to function “faithful reflections” of the market and to not assess the deserves of sure enterprise fashions, as on this case.
As CoinGape reported, the MSCI is considering a proposal to categorise Strategy and different DATs that maintain over 50% of their reserves in crypto, which might lead to exclusion from MSCI’s indexes. Bitwise famous that, traditionally, indexes have rightly included corporations with concentrated publicity to a single asset.
As such, it warned that the proposed exclusion of DATs dangers inserting subjective eligibility standards into what must be an “objective, rule-based process.” Notably, the proposed rule will apply solely to DATs, elevating considerations that the index operator is unfairly focusing on the crypto trade.
Strategy CEO Phong Le had not too long ago questioned MSCI’s neutrality, noting that corporations like Chevron and Newmont, which maintain most of their reserves in oil and gold, respectively, aren’t prone to dealing with exclusion like DATs.
Why Saylor’s Company Is Not Just A Fund
Bitwise said that it has firsthand seen the function that Saylor’s firm performs within the trendy economic system. The crypto ETF issuer additional opined that the corporate offers worth to its shareholders by working in ways in which Bitcoin ETFs can not.
Therefore, they’re assured within the long-term success of Strategy’s Bitcoin operations. Bitwise additionally echoed the language in Strategy’s letter to MSCI, describing this degree of scrutiny as “arbitrary” as a result of it singles out digital property and doesn’t apply to different international property.
The agency claimed that this arbitrary rule disadvantages buyers by eradicating their crypto publicity, particularly to the flagship crypto. In line with this, Bitwise urged the MSCI to keep up the excessive requirements which have made its indexes the benchmarks for the world and to permit its indexes to “reflect neutrally and faithfully the next era of financial technology.”
As CoinGape reported, there’s at the moment a petition for the MSCI to withdraw its proposal on excluding DATs from its indexes. The petition has thus far garnered 629 signatures in simply over a day.
MSCI IS TARGETING $BTC AND DIGITAL ASSETS
This is unfair, capricious, and inconsistent with their very own present thresholds.
Indexes are speculated to be impartial, there’s nothing impartial about this. https://t.co/tumioN1kqu
— Adrian (@_Adrian) December 12, 2025
