Sharplink to Join the Russell 2000 and 3000 Indexes

Rhea-AI Summary

Sharplink (Nasdaq: SBET) will be added to the Russell 2000 and Russell 3000 Indexes, effective June 29, 2026, following FTSE Russell’s semi-annual reconstitution.

According to FTSE Russell, about $12.2 trillion in assets benchmark the Russell US Indexes, potentially boosting Sharplink’s institutional visibility and access to index-tracking capital.

Positive

• Inclusion in Russell 2000 and Russell 3000 effective June 29, 2026
• Exposure to universe of $12.2 trillion in benchmarked Russell US Index assets
• Management believes index inclusion may broaden SBET's shareholder base
• CEO highlights ETH-focused treasury as institutional-grade Ethereum exposure for public investors

Negative

• None.

News Market Reaction – SBET

-0.80%

4 alerts

-0.80% Session close to close

$1.29B Market Cap

0.1x Rel. Volume

In the May 26 session, SBET declined 0.80%, reflecting a mild negative market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Sharplink’s upcoming inclusion in the Russell 2000 and 3000, tying the ...

Analysis

This announcement highlights Sharplink’s upcoming inclusion in the Russell 2000 and 3000, tying the story more directly to institutional benchmarks that have about $12.2 trillion in benchmarked assets. Against a backdrop of rapid ETH treasury expansion, onchain yield plans, and sizable reported accounting losses, index membership underscores rising visibility rather than changing fundamentals. Investors may watch how assets tracking these indexes interact with the existing shareholder base once the change takes effect on June 29, 2026.

Key Figures

Russell assets benchmarked: $12.2 trillion Index addition date: June 29, 2026 Preliminary list date: May 22, 2026

3 metrics

Russell assets benchmarked $12.2 trillion Assets benchmarked against Russell US Indexes per FTSE Russell

Index addition date June 29, 2026 Effective date of Russell 2000 and 3000 inclusion

Preliminary list date May 22, 2026 Publication date of FTSE Russell preliminary index changes

Historical Context

5 past events · Latest: May 11 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 11	Q1 2026 earnings	Neutral	+4.3%	Reported Q1 2026 results and detailed ETH holdings and crypto asset values.
May 11	Onchain yield fund	Positive	+4.3%	Announced planned $125M Galaxy Sharplink Onchain Yield Fund using staked ETH.
Apr 28	Q1 call announcement	Neutral	+1.8%	Scheduled Q1 2026 earnings call and webcast for May 11, 2026.
Mar 09	FY 2025 earnings	Neutral	+3.3%	Released FY 2025 results and highlighted ETH treasury metrics and capital raised.
Feb 25	FY call announcement	Neutral	+13.6%	Announced date and details for full-year 2025 earnings call and webcast.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news events have generally seen positive next-day price reactions, including earnings and strategic Ethereum-related updates.

Recent Company History

Over the last six months, Sharplink has focused updates on its Ethereum treasury strategy, earnings, and investor communications. Full-year 2025 and Q1 2026 results emphasized revenue growth alongside large unrealized crypto losses. The company has repeatedly highlighted ETH holdings, ETH per share, and new vehicles like the Galaxy Sharplink Onchain Yield Fund targeting $125 million. Today’s Russell index inclusion fits into a trajectory of growing institutional positioning and capital-markets visibility following these earlier milestones.

Key Terms

russell 2000, russell 3000, semi-annual reconstitution, index-tracking capital, +4 more

8 terms

russell 2000 financial

"it will be included in the Russell 2000® Index and Russell 3000® Index."

An index that tracks the performance of roughly 2,000 smaller publicly traded U.S. companies, ranked by their size measured in market value. Investors use it like a thermometer for the small‑company segment of the stock market: it shows how that part of the market is doing, serves as a common benchmark for small‑cap funds, and helps gauge risk appetite and economic trends that often affect smaller businesses more than large ones.

russell 3000 financial

"it will be included in the Russell 2000® Index and Russell 3000® Index."

A broad stock-market index made up of the roughly 3,000 largest publicly traded U.S. companies, ranked by their total market value. It serves as a wide “basket” of American stocks that reflects the overall performance of the U.S. equity market, so investors use it as a benchmark or to gain broad exposure through index funds and ETFs—similar to watching an economy-sized shopping cart to judge how an entire store is doing.

semi-annual reconstitution financial

"at the conclusion of the Russell indexes' semi-annual reconstitution."

A semi-annual reconstitution is the twice-yearly review and reset of a market index’s list of included securities and their weights. Think of it like updating the roster on a sports team: some players are added, others removed, and positions are rebalanced; the change matters to investors because index-tracking funds and many portfolios must buy or sell shares to match the new lineup, which can move stock prices and affect trading volume and portfolio performance.

index-tracking capital financial

"a meaningful driver of institutional visibility and access to index-tracking capital."

Index-tracking capital is money pooled into funds that copy a market index—such as a group of stocks chosen to represent an industry or the whole market—so the fund’s holdings and performance mirror that index. For investors, this matters because such capital shifts buying and selling in a predictable way, often lowering costs and volatility for individuals but also amplifying price movements for the stocks in the index, like many people following the same playlist.

stablecoins technical

"Ethereum sits at the center of four secular trends reshaping finance today: stablecoins, tokenization, onchain finance"

Stablecoins are a type of digital currency designed to maintain a steady value, often linked to traditional currencies like the dollar or euro. They function like digital cash that offers the convenience of online transactions while avoiding the large price swings common with other cryptocurrencies. This stability makes them useful for investors and users who want a reliable way to store and transfer value without exposure to sudden market changes.

tokenization technical

"Ethereum sits at the center of four secular trends reshaping finance today: stablecoins, tokenization, onchain finance"

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

onchain finance technical

"secular trends reshaping finance today: stablecoins, tokenization, onchain finance, and the emerging agentic economy."

Onchain finance is financial activity carried out directly on a blockchain using programmable rules (smart contracts), where transactions and records are stored on a public digital ledger that anyone can verify — like banking rules written into a shared spreadsheet that runs itself. It matters to investors because it can lower costs, speed settlement, and increase transparency while introducing new risks such as software bugs, key custody issues and changing regulation, so it changes how value is created, moved and verified.

treasury management financial

"Through disciplined, active treasury management, Sharplink gives public market investors productive exposure"

Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MIAMI, FL, May 26, 2026 (GLOBE NEWSWIRE) -- Sharplink, Inc. (Nasdaq: SBET) ("Sharplink" or the "Company"), one of the world's largest corporate holders of Ether ("ETH") and a prominent industry advocate of Ethereum adoption, today announced that it will be included in the Russell 2000^® Index and Russell 3000^® Index. The addition follows publication of FTSE Russell's preliminary list of index changes on May 22, 2026, and it will take effect on June 29, 2026 at the conclusion of the Russell indexes' semi-annual reconstitution.

According to FTSE Russell, approximately $12.2 trillion in assets are benchmarked against the Russell US Indexes, spanning both index funds and active strategies. The Russell 2000, in particular, is widely regarded as the leading benchmark for U.S. small cap equities, making index membership a meaningful driver of institutional visibility and access to index-tracking capital.

Joseph Chalom, Chief Executive Officer of Sharplink, commented, "Joining the Russell 2000 and Russell 3000 is a meaningful validation of Sharplink’s institutional-grade ETH treasury strategy and we believe will broaden SBET's shareholder base while strengthening our access to capital markets. Ethereum sits at the center of four secular trends reshaping finance today: stablecoins, tokenization, onchain finance, and the emerging agentic economy. Through disciplined, active treasury management, Sharplink gives public market investors productive exposure to ETH and the broader Ethereum opportunity."

For more information on the Russell 2000 Index, Russell 3000 Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Sharplink, Inc.

Sharplink is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement, making ETH a unique native yield generation and long-term network growth opportunity. In addition to its Ethereum treasury platform, Sharplink operates an online affiliate marketing business. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.

Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by LSEG. For more information, visit FTSE Russell.

Forward-Looking Statement

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, goals and expectations regarding the Company’s strategy and potential partnerships, and other statements accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words, but the absence of these words does not mean that a statement is not forward-looking. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to repurchase additional shares of Sharplink’s common stock through its stock repurchase program, potential use of the Company’s ATM facility, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are generally required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Additionally, for other certain types of crypto assets, the Company uses the historical costs less impairment model. This model may require the Company to record an associated impairment charge reflected in net income as a result of a decrease in the market price of the crypto assets below the cost value at which the Company’s crypto assets are carried on its balance sheet. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.

CONTACT:
Sharplink’s Investor Relations Contact:
Sean Mansouri, CFA or Aaron D’Souza | Elevate IR
Phone: (720) 330-2829
Email: ir@sharplink.com

Sharplink’s Media Contact:
Email: media@sharplink.com

FAQ

When will Sharplink (Nasdaq: SBET) join the Russell 2000 and 3000 Indexes?

Sharplink will join the Russell 2000 and Russell 3000 Indexes on June 29, 2026. According to Sharplink, the change coincides with FTSE Russell’s semi-annual reconstitution and follows publication of the preliminary index changes list on May 22, 2026.

What does Russell 2000 inclusion mean for Sharplink (SBET) shareholders?

Russell 2000 inclusion gives Sharplink exposure to a leading small-cap benchmark followed by institutional investors. According to Sharplink, membership can support institutional visibility and potential access to capital from index-tracking and actively managed strategies benchmarked to Russell US Indexes.

How much in assets benchmark the Russell US Indexes that include Sharplink (SBET)?

Approximately $12.2 trillion in assets are benchmarked against the Russell US Indexes. According to FTSE Russell, this figure spans both index funds and active strategies, underscoring the potential importance of Sharplink’s addition to the Russell 2000 and Russell 3000 Indexes.

Why does Sharplink link its ETH treasury strategy to Russell 2000 index inclusion?

Sharplink views Russell 2000 and 3000 membership as validation of its institutional-grade ETH treasury strategy. According to Sharplink, the company aims to give public investors productive exposure to Ether and the broader Ethereum opportunity through disciplined, active treasury management.

How does Sharplink (SBET) provide public investors exposure to Ethereum (ETH)?

Sharplink uses an ETH-focused treasury strategy to give public investors Ethereum exposure. According to Sharplink, it actively manages a significant Ether position, targeting productive exposure to Ethereum’s role in stablecoins, tokenization, onchain finance, and the emerging agentic economy.

Why is the Russell 2000 Index important for a company like Sharplink (SBET)?

The Russell 2000 is widely regarded as a key benchmark for U.S. small-cap equities. According to Sharplink, membership can be a meaningful driver of institutional visibility and may increase access to capital tracking or benchmarking against the Russell US Index family.