Ethereum Treasury Firm SharpLink Joins Russell Indexes

SharpLink, a treasury firm backed by Ethereum co-founder Joe Lubin, is set to be included in the Russell indexes. This move is anticipated to draw significant passive investment inflows from funds that track these indexes. Despite the potential boost from index inclusion, SharpLink's stock has experienced a substantial downturn, plummeting 95% from its highest point over the last year. The dual nature of this news presents a complex outlook for the company's immediate financial trajectory.