The Bitcoin Policy Institute has published a paper criticizing MSCI over a proposed rule for what the index provider calls "non-operating" companies. The paper says the rule could lead to Strategy and Metaplanet being removed from MSCI's indexes. The headline on the report uses the phrase "invisible committee" to frame the think tank's questions about MSCI.
The paper also argues that the proposal may trace back to an earlier MSCI review of crypto treasury companies. The report was published on October 1, 2026.
Several points are still unknown. The report does not say whether MSCI will adopt the rule, when a decision would come, or whether MSCI has responded to the paper. It also does not say whether either company has commented.
For anyone already holding a perpetual futures position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The dispute is about stock index membership, and the report mentions no change to funding rates, trading fees or liquidity on any perpetual market.
Source: cointelegraph — Bitcoin think tank questions MSCI’s ‘invisible committee’ over Strategy, Metaplanet rule
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