Sharplink $SBET to join Russell 2000 and Russell 3000 indexes on June 29, 2026
The Ethereum treasury company's index inclusion could unlock passive fund inflows and broader institutional visibility for a stock that barely existed in its current form four months ago.
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Add us on Google by Editorial Team May. 26, 2026A company that rebranded from a gaming affiliate into an Ethereum treasury platform just four months ago is about to land in two of the most widely tracked stock indexes on the planet.
Sharplink, Inc. (Nasdaq: SBET) announced on May 23 that it will be added to both the Russell 2000 and Russell 3000 indexes, effective at the US market open on June 29, 2026. The inclusion follows FTSE Russell’s release of preliminary reconstitution lists on May 26, based on an April 30 rank day when the Russell 3000 carried a total market capitalization of approximately $75.6 trillion.
From gaming company to Ethereum vault
The company operated as SharpLink Gaming until February 2026, when it rebranded and pivoted to what it now calls an “institutional-grade Ethereum treasury platform.” The core business now revolves around accumulating and actively managing ETH holdings, including staking, as its primary treasury strategy. The company still maintains an affiliate marketing segment for gaming operators.
AdvertisementLeading that charge is Joseph Chalom, a former executive at BlackRock’s digital assets division. Ethereum co-founder Joseph Lubin is also notably involved with the company.
As of late May 2026, SBET trades around $6.23 with a market capitalization of approximately $1.23 billion.
Why Russell index inclusion matters
Every June, FTSE Russell refreshes the composition of its Russell indexes based on updated market cap rankings. The Russell 2000 tracks small-cap US stocks. The Russell 3000 captures roughly 98% of the investable US equity market. Getting into both means that every fund, ETF, and institutional portfolio benchmarked to those indexes now needs to buy SBET shares to maintain proper tracking. The changes take effect following the June 26 market close, with the new composition live at the open on June 29.
What this means for investors
Sharplink is essentially positioning itself as a publicly traded Ethereum vehicle, similar to how MicroStrategy built its identity around Bitcoin holdings. The difference is that Sharplink also generates yield through ETH staking, adding a cash-flow component that pure Bitcoin treasury strategies lack.
That said, the risks are worth noting. Sharplink completed its rebrand barely four months before this index addition. The company’s entire Ethereum treasury identity is young, and its $1.23 billion market cap is built on a strategy that is inherently tied to ETH price movements. The affiliate marketing segment exists, but it’s clearly not the main event.
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