Sharplink and Forward Industries Set to Join Russell 2000 and 3000 Indexes
Crypto treasury firms Sharplink, which holds Ethereum, and Forward Industries, which holds Solana, will both be added to the Russell 2000 and Russell 3000 indexes at the end of June. Solana's price has not yet responded, with SOL trading near $80 according to Bitcoinist.
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The Index Inclusions
Sharplink and Forward Industries will both be included in the Russell 2000 and Russell 3000 indexes at the end of June, according to Decrypt. Sharplink is an Ethereum treasury company, and Forward Industries is a Nasdaq-listed Solana treasury company.
Bitcoinist reported the Forward Industries addition as well, describing the company as the Nasdaq-listed SOL treasury company set to join both indexes. Neither report describes the inclusion as a change to the companies' holdings or to the underlying tokens.
Market Context for Solana
Bitcoinist framed the update as a sign of larger institutional exposure to Solana, while noting that SOL's price has not followed. At the time of its reporting, SOL was trading around $80, and the outlet asked whether the news could push the token above $100.
The two reports differ in emphasis. Decrypt treats the story as a index-membership event covering two treasury firms, while Bitcoinist centers it on Solana's price performance. The sources do not give a figure for the trading volume or price move on the day of the announcement, so the short-term market effect cannot be measured from this material.
What the Index Inclusion Means
Inclusion in the Russell 2000 and Russell 3000 indexes typically makes a company's stock a holding for index-tracking funds that follow those benchmarks. The sources do not state how many shares or how much capital index funds will need to buy, so the scale of any resulting demand is not established here.
Both reports describe the inclusions as scheduled for the end of June. The sources do not indicate whether either company's inclusion was contested or delayed.
Why It Matters
For Traders
SOL has not yet reacted to the index news and trades near $80, so any move toward $100 would need to be confirmed on price and volume data rather than assumed from this headline.
For Investors
Index inclusion for Solana and Ethereum treasury firms signals growing mainstream access to these assets through public equity, though the effect on token demand remains unproven.
For Builders
More treasury companies entering public indexes may increase demand for institutional-grade custody and reporting tooling tied to SOL and ETH holdings.
This article is for information only and is not financial advice. Read the full disclaimer.
