Crypto in 401ks is WAY WAY BIGGER news than the ETFs In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k). Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds. On autopilot. No discretion, just direct purchases based on their predefined allocations. Most Americans adjust these allocations annually, if at all. This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets. In aggregate, this is ~$12T in assets with ~$50B of new capital flowing in every 2 weeks! At a 1% portfolio allocation to crypto brings $120B in new flows At a 3% portfolio allocation to crypto brings $360B in new flows At a 5% portfolio allocation to crypto brings $600B in new flows and these aren't one time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET. 401ks + DATs w/ at the money shelves put a ridiculous floor of crypto going forward and move the limit from the moon to jupiter. Strap in 🫡