BLACKROCK Buys the BTC Dip ($269M Yesterday)
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Guest: Amy Oldenberg, Head of Digital Assets at Morgan Stanley, discussing the institutional roadmap for spot crypto trading and tokenized assets.
“This is just the first of a long road map of new products... with spot crypto trading coming soon and even tokenized equities and other tokenized assets. That's all in the works.”
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Institutional 'Smart Money' is aggressively buying the dip, with BlackRock seeing its largest single-day inflow ($269M) since early March.
“BlackRock leading the way $269 million worth of inflows. Best day since early March... the last time we saw this much risk appetite was when aircraft carriers were moving towards the Middle East.”
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Morgan Stanley reports that its Bitcoin ETF launch is the most successful in the firm's history, outperforming every other ETF product launch to date.
“They haven't had an ETF launch this successful. She didn't say this year, she's saying they have never ever seen anything this bullish, period.”
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Global liquidity is surging as M2 money supply spikes in the US and China, historically serving as a delayed but powerful catalyst for risk-asset pumps.
“Total global liquidity is rising. Global M2 is rising. US total liquidity rising... Try not to overthink it. The money has to flow through the system.”
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The BitTensor (TAO) ecosystem is facing a critical centralization test following the exit of Covenant AI, leading to a massive 60% wipeout in several subnet tokens.
“TA fell 10% after Covenant AI exits Bit Tensor... questioning the network's decentralization and governance. This is the biggest off day in Tal's entire history.”
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MicroStrategy has accelerated its accumulation, purchasing 2,600 BTC in a single day—effectively absorbing six times the daily amount of Bitcoin currently being mined.
“They got 2600 Bitcoin, which is 6x the amount that was mined that day. MicroStrategy... still handing fist over fist worth of cash. Just give me all that Bitcoin.”