MSCI Warns of ‘Creeping’ Crypto Exposure in Equity Markets

MSCI Warns of ‘Creeping’ Crypto Exposure in Equity Markets
MSCI warned of ‘creeping’ exposure to cryptocurrency in equity markets as it notes 52 companies with some degree of crypto exposure.The companies covered by the index provider’s research have a combined market capitalization of $7.1 trillion, Bloomberg reported Thursday.The roster includes firms directly involving in the buying and selling of crypto, such as exchange Coinbase, and firms with an allocation of cryptocurrency on their balance sheets, such as business-intelligence software firm Microstrategy.While those two are among the most obvious examples of crypto exposure, MSCI highlighted in a blog post Wednesday that equity investors may be faced with “creeping” cryptocurrency exposure.“This…