In our interview with @Matt_Hougan, he explained why institutions are more bullish on crypto than ever. People aren't optimistic enough about the scale & pace of adoption ↓

Institutional demand for crypto is exploding. ➤ Bitcoin ETFs are driving massive inflows and deeper liquidity ➤ Morgan Stanley just approved Bitcoin ETFs for advisors ➤ Stablecoin interest is off the charts, rivaling interest in Bitcoin The next leg of this bull market is being led by institutions.

ETF growth is entering its next wave. ➤ Year three > Year two > Year one — that’s the ETF rule ➤ Each approval opens new markets & flows (Morgan Stanley, soon others) ➤ Bitcoin ETF flows are expected to surpass 2024 totals this year Institutions work slowly and the floodgates are only widening.

Crypto ETFs will supercharge the asset class. ➤ Index ETFs create Mag7-like reflexivity in majors ➤ Solana is 1/25th Bitcoin’s market cap and small inflows could dramatically move price ➤ ETFs also shift trading off-chain — cleaner market structure ETFs are creating a structural bid and becoming layer 2s of crypto, separating investment transactions from onchain activity

SEC’s generic listing rule just changed the game. ➤ No more begging for each ETF approval ➤ Any asset with regulated futures trading 6+ months can list ➤ This triggered a 400%+ boom in ETF launches in TradFi Crypto’s “ETF explosion” is next and it includes assets, indexes, structured products, and more!

The “perpification” of traditional markets is coming. ➤ CME and TradFi players are exploring perpetual futures ➤ 24/7 markets will need stablecoins as collateral ➤ Stablecoins become the plumbing for all global assets Stablecoins are a massive infrastructure layer that will underpin everything from US debt to tokenized assets.

Institutions are massively raising BTC allocations. ➤ 1% *was* the polite ceiling — now it’s 1–10% ➤ Volatility and binary risk (might go to zero) have dropped ➤ If you’re 100% gold and 0% Bitcoin, you’re short Bitcoin vs. the global benchmark. Crypto is evolving from fringe to a portfolio requirement.

@Matt_Hougan Institutions are all-in: • ETF adoption accelerating • Stablecoin TAM exploding • Allocations climbing from 1% → 10% • Perps are slowly going mainstream • The ETF machine now pointed squarely at crypto

@Matt_Hougan Check out the full episode & more below! ↓ ➤ YouTube 🎥: ➤ Apple 🎙️: ➤ Spotify 🎙️: