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in just 9 days, institutions completely absorbed $BTC.
between Nov 24 and Dec 2:
> JPMorgan launched leveraged products tied to BlackRock’s Bitcoin ETF
> Nasdaq raised the position limits on Bitcoin ETF options from 250,000 to 1 million (4× increase)
> Vanguard opened Bitcoin and other crypto ETFs to its ~50 million clients
what’s surprising is that Vanguard had always been anti-crypto, and now they flipped almost overnight. their Head of Investments was publicly against Bitcoin just a few months ago.
the timing is what’s truly interesting. all of this happened exactly while retail investors were panic-selling. it’s clearly an institutional strategy to accumulate cheaper BTC from retail.
at the same time, index providers like MSCI are excluding companies such as @Strategy, simply because they hold Bitcoin on their balance sheet.
these companies now face a difficult choice:
1/ keep their BTC treasury and get removed from MSCI, losing passive fund inflows
2/ abandon their BTC treasury to remain inside MSCI
there is clearly a coordinated effort to institutionalize Bitcoin, while retail is panic selling and corporates face increasing pressure for holding BTC in treasury.
it will become harder and harder to hold Bitcoin in the future.
my advice: secure your BTC as if your life depended on it.