4E: Institutions increase exposure to encryption assets; multiple encryption-themed ETFs are listed intensively.

According to Mars Finance, 4E observed signs of institutions increasing their stakes in crypto-related stocks in the US stock market on Monday. Cathie Wood's Ark Invest purchased approximately $30.9 million worth of Block Inc. (SQ) stock through three ETFs, with ARKK buying 210,000 shares, and ARKW and ARKF buying 59,000 shares and 114,000 shares respectively. Block's stock price closed up 0.77% on the day, at $80.15. The stock has risen over 37% in the past six months, indicating continued interest from traditional institutions in the crypto payment space. On the other hand, BlackRock's Bitcoin ETF IBIT has surpassed $70 billion in assets, reaching this milestone in just 341 days, making it one of the fastest-growing ETFs in history, showing that institutional funds are steadily flowing into the Bitcoin spot market. The ETF space is also welcoming a new round of concentrated product listings. Canary Capital announced that its Litecoin ETF and HBAR ETF will be listed on Nasdaq on Tuesday; Grayscale's Solana Trust ETF is expected to be listed on Wednesday, while Bitwise's Solana staking ETF will debut on the New York Stock Exchange. Additionally, Ethereum financial company ETHZilla is selling approximately $40 million in ETH to advance a stock buyback plan of up to $250 million. Since October 24, the company has invested about $12 million to buy back 600,000 shares, and management stated they will continue selling ETH to narrow the gap between stock price and net asset value. ETHZ currently holds approximately $400 million worth of ETH assets. On the macro front, US President Trump stated that he will nominate a successor to Fed Chairman Powell by the end of the year, with five candidates making the final list, including former Federal Reserve Governor Kevin Warsh and BlackRock executive Rick Rieder. 4E reminds investors: institutions are expanding alongside crypto ETFs, exacerbating structural differentiation in the market. In the short term, pay attention to the pace of ETF subscriptions and changes in institutional holdings, as they may have a marginal impact on the liquidity of crypto assets.