# SharpLink Joins Russell 2000 and 3000 Indexes

**Published:** 2026-05-26T19:06:38.000Z  
**Topic:** Ethereum  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/23fff98c-14ce-46cf-8c5c-52e83bb0d403

SharpLink (SBET) will join the Russell 2000 and 3000 indexes on June 29, 2026. The firm holds 873,000 ETH, making it a major public Ethereum treasury.

SharpLink, an Ethereum treasury firm backed by co-founder Joe Lubin, will join the Russell 2000 and Russell 3000 indexes effective at the market open on June 29, 2026 [1, 2]. This inclusion follows FTSE Russell’s annual reconstitution, potentially forcing index-tracking funds to purchase shares to maintain their benchmarks [2, 3].

The company, which rebranded from SharpLink Gaming in February 2026, has positioned itself as an institutional-grade vehicle for holding and staking Ethereum [2, 3]. As of early May, the firm held approximately 873,000 ETH, valued at roughly $1.8 billion, making it the second-largest public holder of the asset [1, 3]. While the firm’s strategy mirrors the Bitcoin-focused approach of MicroStrategy, it distinguishes itself by generating yield through ETH staking [2, 3].

The move into the Russell indexes provides the company with broader institutional visibility, a goal CEO Joseph Chalom says will strengthen the firm's access to capital markets [1, 2]. However, the company’s stock has faced significant volatility, falling about 95% from its peak last May [1]. Despite this decline, the shares remain more than double their price from before the firm pivoted to its current Ethereum-focused business model [1]. 

The transition comes at a time when many other digital asset treasury firms have slowed or halted their crypto acquisitions due to market pullbacks [1]. SharpLink has not reported any new ETH purchases since October [1]. Beyond its treasury operations, the company is also participating in the DeFi United recovery effort, serving in an advisory capacity to help structure a plan for restoring rsETH backing following an April bridge incident [4].

Whether the index inclusion will provide a sustained boost to the company's market capitalization—currently around $1.23 billion—remains to be seen as the firm continues to navigate a strategy inherently tied to the price of Ethereum [2]. With roughly $12.2 trillion in assets benchmarked to the Russell indexes, the firm’s performance will now be more closely linked to the mandates of passive investment funds than ever before [3].

## Sources
1. CoinDesk — [Ethereum news: Joe Lubin's SharpLink (SBET) to join the Russel...](https://www.coindesk.com/business/2026/05/26/joe-lubin-backed-ethereum-treasury-firm-sharplink-to-join-the-russel-indexes)
2. Crypto Briefing — [Sharplink $SBET to join Russell 2000 and Russell 3000 indexes on...](https://cryptobriefing.com/sharplink-sbet-russell-2000-3000-index-inclusion/)
3. Cryptodiffer — [SharpLink Joins Russell 2000 and Russell 3000 Indexes](https://cryptodiffer.com/events/sharplink-joins-russell-2000-and-russell-3000-indexes)
4. News — [Consensys and Joe Lubin Join DeFi United Recovery Effort With up...](https://news.bitcoin.com/consensys-and-joe-lubin-join-defi-united-recovery-effort-with-up-to-30000-eth-in-support/)
5. Coincentral — [Sharplink (SBET) Stock: Russell 2000 Entry Puts ETH Treasury...](https://coincentral.com/sharplink-sbet-stock-russell-2000-entry-puts-eth-treasury-strategy-in-focus/)

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Cite as: TrendWatcher, "SharpLink Joins Russell 2000 and 3000 Indexes", https://www.trendwatcher.in/article/23fff98c-14ce-46cf-8c5c-52e83bb0d403