The price of Bitcoin experienced a decline despite what was characterized as a 'really bullish' update from MSCI. According to reports, a rule change implemented by MSCI concerning newly issued shares is reshaping passive demand. The development raises questions about how treasury firms linked to Bitcoin are funding future BTC purchases. The report suggests the MSCI update, while anticipated to be positive, did not prevent a drop in Bitcoin's price, prompting analysis into the possible reasons behind this market behavior.

The price of Bitcoin experienced a decline despite what was characterized as a 'really bullish' update from MSCI. According to reports, a rule change implemented by MSCI concerning newly issued shares is reshaping passive demand. The development raises questions about how treasury firms linked to Bitcoin are funding future BTC purchases. The report suggests the MSCI update, while anticipated to be positive, did not prevent a drop in Bitcoin's price, prompting analysis into the possible reasons behind this market behavior.