[JPMorgan: MicroStrategy's Removal from MSCI Could Trigger Up to $11.6 Billion in Outflows] JPMorgan stated in a report that if global financial index provider MSCI removes Bitcoin 'treasury giant' MicroStrategy (MSTR) from its stock indices, it could lead to outflows of up to $2.8 billion. If other exchanges and index compilers follow suit, the total outflow could reach $11.6 billion. Analysts pointed out that the recent decline in MSTR's stock price is primarily due to market concerns over its potential removal from indices such as MSCI, Nasdaq 100, and Russell 1000, rather than a drop in Bitcoin prices. MSCI is currently evaluating whether to exclude companies whose primary business involves holding Bitcoin or other crypto assets, with such assets accounting for more than 50% of their portfolio. The final decision will be announced by January 15 next year.