SharpLink Gaming (SBET), an Ethereum treasury firm backed by Ethereum co-founder Joe Lubin, will join the Russell 2000 and Russell 3000 indexes after markets close on June 29, as part of FTSE Russell's annual reconstitution. Russell indexes track roughly $12 trillion in assets, and inclusion could increase institutional demand and trading volumes. SharpLink holds 872,984 ETH (worth ~$1.8B), making it the second-largest public ETH treasury after Bitmine. Its stock has fallen 95% from its May 2025 peak but remains double its pre-treasury pivot level. CEO Joseph Chalom said the inclusion validates the firm's 'institutional-grade ETH treasury strategy' and improves capital market access.

Key facts

• SharpLink joins Russell 2000 and 3000 indexes on June 29.
• FTSE Russell indices track ~$12 trillion in assets globally.
• SharpLink holds 872,984 ETH, second-largest public ETH treasury.
• Stock down 95% from peak but double pre-treasury pivot level.
• CEO says index inclusion validates institutional-grade ETH strategy.

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