Bitcoin ETF: Goldman Buys $1B as Fidelity Plans ETH Staking
Bitwise CIO Matt Hougan frames the move as merit-driven, not FOMO: wealth managers discussing 2-4% crypto allocations are the next marginal buyer, not retail.
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Bitwise CIO Matt Hougan frames the move as merit-driven, not FOMO: wealth managers discussing 2-4% crypto allocations are the next marginal buyer, not retail.
A stacked macro setup — Treasury yields spiking, Japan 30-year at records, Iran oil shock, and ETF outflows — drove a 10% rejection from resistance and $666M in leverage flushes.
The same CUSIP, ticker, and order book — tokenized shares would clear through DTC on a T+1 basis, putting Wall Street's deepest liquidity pool behind on-chain rails.