MSCI Relief Offsets Miner Selling as Tariffs Loom

Discussed in today's video:

MSCI removes a major DAT tail risk by keeping Digital Asset Treasury Companies in its indices and avoiding up to ~$3bn in potential outflows, though the freeze on share count increases caps future index-driven inflows. The net impact of the MSCI decision is modestly positive, as downside risk from forced selling is eliminated but forward-looking inflows via MSCI-tracking funds are reduced. Miner selling remains a structural headwind, with further confirmation from RIOT, which disclosed roughly $200mm in BTC sales in Q4. Miner sales are being driven b...