SharpLink, Forward Enter Russell Indexes With $2.3B Crypto Holdings

On May 27, SharpLink and Forward Industries confirmed inclusion in the Russell 2000 and 3000 effective June 29, giving index funds indirect exposure to 874,351 ETH and $588 million in SOL. The firms first appeared on FTSE Russell’s preliminary list May 22 amid growing institutional interest in crypto-treasury strategies. With $12.2 trillion benchmarked to Russell indexes, the additions could trigger meaningful passive inflows, though both stocks trade well below prior highs and SharpLink posted a $685.6 million Q1 loss from ETH impairments. The milestone boosts visibility for crypto-balance-sheet companies even as spot prices remain depressed.