Bitmine will be included in the Russell 1000 Index today

Odaily reports that Bitmine, an Ethereum treasury company listed on Nasdaq, announced that it will be included in the Russell 1000 Index on June 26. Last month, Bitmine disclosed that its market capitalization had exceeded the minimum threshold of $5.7 billion for inclusion in the Russell 1000 large-cap index, subsequently entering the preliminary candidate list. This index is used to measure the overall performance of approximately 1,000 of the largest publicly traded companies in the US by market capitalization. Currently, many active fund managers invest in Russell 1000 Index constituents. It is estimated that 20-25% of the total market value of these constituents is held by passive index funds or ETFs.