MSCI has decided to postpone the plan to remove "digital asset treasury companies" like MicroStrategy, which hold large amounts of Bitcoin, from its stock indices. This decision avoids a potential sell-off storm—if the policy is implemented, passive tracking funds could sell $10-15 billion worth of related stocks.

Turning to deeper reflection. MSCI has not completely abandoned the idea but is re-evaluating how to handle listed companies that hold large amounts of non-operational assets. Maintaining the current rules at this stage provides the market with a buffer period.

What does this reflect? The strong voices from the market have changed the attitude. Bitcoin and other digital assets are quietly consolidating their position in the traditional financial world, and this reversal is clear evidence. But don’t be too optimistic; MSCI may still introduce new classification standards in the future. The game is far from over.