Two $1T+ firms approved crypto products this summer. This isn't about new money now; it's about TradFi infrastructure shifting to enable distribution. Bitwise CEO Hunter Horsley notes large firms are expanding access even in a bear market.

Our read: the "long bitcoin, short the bankers" era is over. Banks are building and distributing digital assets, not resisting them. This is a structural change driven by client demand and clearer rules, not a cyclical one. The battle for crypto adoption moves from "should it exist?" to "how will it integrate?"

Would you trust a bank with your crypto?

$BTC