JP Morgan excludes crypto treasury firms from indexes.
Bitcoin supporters push for financial boycott.
Tensions grow between traditional finance and crypto sector.
A fresh wave of tension is rising between traditional finance and the crypto community. Bitcoin supporters and strategy-focused investors are now calling for a boycott of JP Morgan, one of the world’s largest financial institutions, after it excluded crypto treasury companies from its major market indexes.
The decision has sparked immediate backlash across the crypto space, with critics arguing that this move reflects an ongoing bias in legacy finance against decentralized innovation. Many in the industry see this as a direct attempt to suppress Bitcoin-related firms and reduce their visibility in traditional investment portfolios.
Crypto Treasuries Shut Out of Major Indexes
According to recent developments, JP Morgan has actively decided to exclude crypto treasury companies—businesses that hold Bitcoin and other digital assets on their balance sheets—from their key market indexes. This exclusion means that investors relying on those indexes for exposure will not be investing in firms with crypto-backed assets, regardless of their performance or market impact.
This move affects companies like MicroStrategy, Tesla, and others who have famously added Bitcoin to their treasuries. By sidelining these firms, critics argue that JP Morgan is indirectly discouraging corporate adoption of Bitcoin and crypto assets.
LATEST: Strategy and Bitcoin supporters call for a boycott of JP Morgan after crypto treasury companies were excluded from major market indexes. pic.twitter.com/IJttxlkpiL
— Cointelegraph (@Cointelegraph) November 24, 2025
Bitcoin Advocates Push Back
Crypto influencers, Bitcoin maximalists, and digital asset strategists have taken to social media to protest this decision. Some are calling for a complete boycott of JP Morgan’s financial services, suggesting that the banking giant is obstructing the future of finance.
This is not the first time legacy financial players have clashed with the crypto world, but the call for a JP Morgan crypto boycott signals rising frustration. Many in the space are now urging more decentralization, transparency, and a separation from institutions they believe are working against the growth of digital assets.