Joe Lubin-backed Ethereum treasury firm SharpLink to join the Russel indexes
Key takeaways
- The inclusion could attract fresh passive inflows from index-tracking funds, while the firm's stock tanked 95% from its peak over the past year.By Krisztian Sandor|Edited by Aoyon Ashraf May 26, 2026, 7:03 p.m.
- The inclusion will take effect after markets close on June 29 as part of FTSE Russell’s annual index reconstitution, the company said Tuesday.
- Russell indexes are widely followed benchmarks for U.S. equities, with roughly $12 trillion in assets tied to them through passive and active investment strategies, the press release said.
The inclusion could attract fresh passive inflows from index-tracking funds, while the firm's stock tanked 95% from its peak over the past year.By Krisztian Sandor|Edited by Aoyon Ashraf May 26, 2026, 7:03 p.m. 2 min read Make preferred on Sharplink CEO Joseph Chalom and Consensys CEO Joe Lubin speaking at Consensus Hong Kong 2026 (Coin Desk)What to know: SharpLink will join the Russell 2000 and Russell 3000 indexes effective June 29.The company held nearly 873,000 ETH, worth roughly $1.8 billion at current prices.The inclusion comes as many digital asset treasury firms have slowed or halted crypto purchases.SharpLink Gaming (SBET), the Ethereum treasury backed by Ethereum co-founder Joe Lubin, is joining the Russell 2000 and Russell 3000 indexes later this month, potentially opening the stock to fresh institutional demand from index-tracking funds.
The inclusion will take effect after markets close on June 29 as part of FTSE Russell’s annual index reconstitution, the company said Tuesday.
Russell indexes are widely followed benchmarks for U.S. equities, with roughly $12 trillion in assets tied to them through passive and active investment strategies, the press release said. Membership in the Russell 2000, the benchmark for small-cap U.S. stocks, could increase trading volumes and institutional ownership.