New YorkJPMorgan estimates $2.8 billion in outflows from Strategy stock.

Strategy and Metaplanet could lose MSCI index membership under rules finalized Thursday.

Index funds must sell removed companies’ shares regardless of managers’ views, hitting the stock, not their bitcoin.

MSCI publishes the affected list on 11 November, and removals take effect at the 30 November close.

How each outlet framed it
CoinDesk
clarifies that index exclusion forces share sales, not bitcoin sales, and quantifies JPMorgan's $2.8B outflow estimate

Sources: CoinDesk