Author: Blue Fox Notes

Two publicly listed companies related to Ethereum (ETH) - Sharplink SBET and BitMine BMNR - will officially be included in the US Russell index on June 29, 2026 (at the opening of the US stock market).

The current situation is:

• SBET (Sharplink) confirms joining Russell 2000 (small-cap index) and Russell 3000
• BMNR (BitMine) enters preliminary list, expected to join Russell 3000, with a high probability of entering Russell 1000 (large-cap index)

How to understand this?

Imagine a huge passive investment "automatic shopping system" in the US—like those passive index funds, ETFs, pension funds, 401k plans, etc.

They do not select stocks themselves but automatically buy according to the companies listed in the Russell index and their respective weights.

The addition of SBET and BMNR to the list is equivalent to:

Opening the "floodgates of passive funds" for SBET and BMNR, allowing millions of ordinary investors who do not trade cryptocurrencies or understand Ethereum to automatically hold them, essentially pushing Ethereum's opportunities into the mainstream channels of traditional finance.

Specifically,

the capital tracking Russell 2000 and Russell 3000 globally is massive (in the trillions of dollars).

Once officially included, these funds must buy the corresponding stocks to match the index.

Previously, only actively researching crypto investors would buy these stocks.

Now that they are in the index, those "lazy stock pickers who only buy index funds" (including a large number of retail and institutional investors) will automatically direct their money to SBET and BMNR.

It is equivalent to naturally inserting Ethereum-related investment opportunities into the mainstream investment portfolios of American traditional finance.

Purchases by passive funds will create real demand, especially around the effective date of inclusion, which often brings short-term support to stock prices (the so-called "index inclusion effect").

In the long term, it will also enhance the liquidity of the stocks and the proportion of institutional holdings (many mature companies have passive holding ratios reaching 20-25% or more).

It should be noted that passive funds are buying stocks of SBET and BMNR, not ETH. Funds must buy these two stocks to match the index and will not directly go to the exchange to buy ETH. However, this will indirectly promote the company to buy more ETH.

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