Circle has been removed from multiple Russell growth indexes, including Russell 1000, Russell 3000, etc.

CoinFeed July 1 news, according to Simply Wall St, Circle Internet Group (NYSE:CRCL) has been removed from multiple Russell growth indexes, including the Russell 1000 Growth Index, Russell 3000 Growth Index, and Russell Midcap Growth Index. This adjustment is part of Russell's latest annual component reorganization. This removal has a substantial impact on Circle's visibility in index funds and among some institutional investors. Although Circle's core business still revolves around USDC stablecoins and tokenized capital markets, the index removal may affect passive capital allocations tracking these benchmarks, leading to mechanical selling or reduced future buying interest.