You'll get a piece regardless if you're in index funds, as they're being strong-armed into buying at this awful price
Its unfortunate that its being fast tracked and I'm really annoyed that NASDAQ is doing this. But I think that the impact should be relatively minimal, at least for the funds I hold. I really just find the transparent grift annoying.
They aren't being strong-armed, NASDAQ is literally changing the rules to appease Musk and get in on the grift. Move your money elsewhere while you still can.