Investors poured $1.3 billion into Bitcoin, Ethereum and Solana funds over three sessions, with more than $1 billion flowing into Bitcoin alone.
The White House can expand how crypto enters federal custody, but a multibillion-dollar buying program still needs lawmakers to unlock funding or purchase authority.
The minutes become a hawkish shock only if support for tightening extends beyond the three officials who formally dissented.
Q2 filings show banks expanding Bitcoin ETF positions, macro funds cutting exposure and sovereign holders staying put.
The regulator imposes offering caps but no federal time-based lockup, while senators want some insiders held for 12 months before network decentralization.
Bitcoin faces the highest 30-year Treasury yield since 2007 after crypto-collateralized lending fell by $22.5 billion from its 2025 peak.
An anonymous trader holds $415,000 against CLARITY ahead of a Senate test, dwarfing the market’s $160,000 in displayed liquidity.
Bitcoin compounded at 56.3% annually from 2016 to 2026, leaving the same starting investment in SPY with roughly $828,000 less wealth.
The state kept all 197,844 BlackRock IBIT shares through the second quarter despite a roughly 34% paper decline.
