Le is this something you're going to Continue to do sell Bitcoin exposure Lessen that Bitcoin exposure and Increase salana exposure massive news Today make sure you watch the entire Video smash the like button let's start Right here Bitcoin reserves on exchanges Just hit an almost 7year low we have not Seen these levels since 2018 according To Quant fund Bitcoin reserves on Centralized exchanges have plummeted to Levels not seen since November 9th 20 2018 whales are accumulating Bitcoin and Mass and in this case whales are Institutions wirehouses continue to keep Turning on solicited sales we told you About that in this video you're probably Talking about a couple hundred billion In assets had access to it before and Now we're talking about 2 trillion that Have access to it the reason why it's Important is because we're going to go From this it being approved in this Manner on Morgan Stanley then Wells Fargo will follow then UBS will follow Then Regional firms like steifel Nicholas and Robert W beard will follow Okay LPL will follow high tower will Follow Rockefeller will follow these are All organizations that have hundreds of Billions if not trillions themselves you Know the Wells Fargo and the UBS they've Got trillions of dollars of assets under Management so it's equivalent to opening
Up1 trillion of of again liquid net Worth this is not 10 trillion in Commercial real estate right this is 10 Trillion in money that can be moved at The click of a mouse from one stock or One Sweep account into a Bitcoin ETF so This is very very meaningful over the Next 3 to 6 months because all those Platforms are going to be opened up Morgan Stanley was the first but there's Plenty more to come after that now the Bitwise CEO Hunter horley just tweeted Out a well-known bank with 1 trillion in Client assets has just approved the Bitwise crypto industry innovators ETF For solicited access across wealth Management thrilled to support these Advisers another step in Bitcoin and Crypto entering the main stream so our News from the other day was that Morgan Stanley was the first wirehouse they Have 1.5 trillion assets under Management and they turned on solicited Sales their advisers are allowed to Reach out and sell the Black Rock ETF Sell the Fidelity ETF this was just the Start and we're seeing a continuation of That now a well-known bank with 1 Trillion in client assets just approved Bitwise this goes along with the global Money supply exploding up breaking out Of a 4-year consolidation guys smash the Like button if you're getting value Smash the like button if I'm cluing you
In to something you wouldn't have Otherwise Known now check this out Despite the dip and ethereum dipped hard The other day at almost 50% but despite The dip like Bitcoin the ethereum Balance on exchanges just hit a new low This is insanely bullish in fact Chainalysis reveals just one single Whale has nearly accumulated 100 million In ethereum over the past 2 months he Tried to be stealth full we found out That's why you subscribe to altcoin Daily we tell you this stuff and to go Even further because the ethereum Ecosystem is exploding as a whole the Amount of ethereum in smart contracts is Approaching the 40% mark this is insane The market still doesn't grasp how Scarce eth truly is just imagine what Happens if demand picks up even slightly Ethereum will melt faces be ready Combine that with an explosion in the Layer 2 ecosystem it seems that at least Recently investors are flocking to eth Over Bitcoin as markets recover ethereum Funds also lead the Bitcoin ETFs in Monthly performance with 150 million Inflows in August so far black rocks Ethereum ETF on track to hit 1 billion In net inflows maybe it did today and Grayscale this is an interesting metric Grayscales ethereum trust records its First zero outflow day after 12 Consecutive days of outflows now in
Contrast grayscale's Bitcoin ETF trust It took 78 consecutive d days of Outflows before it broke the streak so It seems like as we continue to get Further into this maturing bull market Bitcoins doing great but more people Seem to be eyeing ethereum and in Addition to that more people seem to be Eyeing salana vanx head of digital Assets Matthew seagull recently said That the salana ETF approvals are Inevitable you know Brazil might be a Smaller Market than the us but there's Still a market Brazil recently approved A spot salana ETF now vanx head of Digital assets says Brazil's approval of A salana ETF signals that a US Counterpart isn't just a probability It's as inevitable as the next block in The chain what's your take on this most People forget Solana's partnered with Shopify salon's partnered with PayPal Salon's got a lot going for it it Surprised me that more and more Institutions and businesses are coming Out and saying we have a Bitcoin Strategy we have an eum strategy but Most particularly we're bullish on Salana and we have a salana strategy This is Leo Wald of Cipher Punk Holdings I always thought she was more Bitcoin Maximal is and she is a big believer in Bitcoin but it seems she is also a big Believer in salana here she tells us why
We kind of know Cypher Punk is basically A Bitcoin holding company maybe similar Instructure to micro strategy which the US audience might be more familiar with But seems like recently you've been Investing more heavily in Salana that's absolutely right and first Of all Tim and Katie thank you so much For having me on um we've been very Interested in the salana ecosystem Obviously um there's been Dynamics at Play for ethereum and Bitcoin uh and Their growth and also maybe some hiccups Along the way uh but for the salon Ecosystem we're seeing large development Uh from the platforms from the Infrastructure for the community and It's very important to know for the Growth and sustainability of a token and Its blockchain is how well that Ecosystem and the community developers Are building on that ecosystem and Engaged Le is this something you're Going to continue to do sell Bitcoin Exposure lessen that Bitcoin exposure And increase salana exposure what can Investors sort of uh take away from the Strategy moving Forward as of now you can see from the Public statements that that has been the Strategy were very interested in Following salana and uh this movements Of Soul um moving forward what would be Sort of a typical asset allocation in
The end like what's the target asset Allocation so we're also ramping up our Staking operations so we're interested In not only the price movements and Holding sole in the balance sheet but Also uh being an active participant in The soul and Solana staking ecosystem so So from an operations perspective we're Trying to uh engage and enhance Performance um as for asset Allocation um things are definitely Changing at uh Cipher Punk holding so I Hope you stay tuned hey if you're going To token 2049 in Singapore in September And you want to be a part of a great Side event that we'll be a part of we're Going to be part of this I'm going to Leave a link to this in the description Sign up for this join us this is the Side event to be at we three with Toby And Brent this is going to be so big and And so worth it they're not even Plugging it as a side event they're Saying this is going to be the event to Be at but token 2049 is great in general So hopefully we see you at this so Institutions like Bitcoin ethereum and Salana now is the time to get serious About your crypto Journey crypto is just About to explode to its next leg up my Name is Aaron at altcoin Daily join the Altcoin daily team if you're interested In making money in crypto Subs subscribe To our Channel see you tomorrow
