Vanguard just disclosed they're holding Metaplanet shares in their small-cap ETF—worth ~$8M.

This is the first time they've publicly shown this position. Metaplanet's been stacking $BTC aggressively as part of their treasury strategy.

TradFi giants quietly positioning in BTC proxy plays while retail still debates if crypto is real.

The shift is happening—just not where everyone's looking.