Galaxy, Gemini, SharpLink and Bitmine shortlisted for Russell reconstitution; SharpLink's $1.8B ETH stash could trigger index buying

Multiple crypto firms — including Galaxy Digital, Gemini, Sharplink (SharpLink) and Bitmine Immersion Technologies — have appeared on FTSE Russell’s preliminary lists for possible inclusion in the Russell indexes, opening the door to automatic buying from index-linked funds and new institutional exposure ^{[1] [2]}.

SharpLink is reported to be listed for inclusion in both the Russell 2000 and Russell 3000 on the June 29 reconstitution and is said to hold roughly 873,000 ETH (about $1.8 billion), which would make it one of the largest public Ethereum holders; Bitmine and Galaxy Digital are reported to qualify for Russell 1000 consideration alongside large technology names ^{[3] [4]}.

Appearance on Russell’s preliminary eligibility rosters does not guarantee final inclusion, but membership can lead to index-driven flows and increased institutional attention if firms remain on the final lists published at the reconstitution date ^{[1] [3]}.