Circle Internet Group, the company behind the USDC stablecoin, just got kicked out of five Russell Growth Indexes. For a company that went public to prove crypto’s legitimacy on Wall Street, that’s not exactly the kind of attention you want.
The removal, which took effect after the US market close on June 26, covers some of the most widely tracked benchmarks in equity investing: the Russell 1000 Growth, Russell 3000 Growth, and Russell Midcap Growth indexes, among others. Updated index membership became effective on June 29.
What happened and why it matters
FTSE Russell, which manages the Russell index family, shifted to a semi-annual reconstitution schedule beginning in June 2026. The process evaluates companies based on market capitalization, trading volume, and growth-versus-value characteristics, then reshuffles index membership to better reflect current market conditions.
Circle didn’t make the cut on the growth side.
