Vanguard allows Bitcoin ETF on platform, major shift in policy.

Vanguard launched Bitcoin ETFs and pulled in $1 billion in the first 30 minutes, reversing its previous hostility to crypto. The Fed injected $13.5 billion via overnight repos, the second-largest since COVID. Liquidity models suggest Bitcoin's fair value is $200k, nearly triple its current $80k price.
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jump in crypto today by a few things. First off, we're going to hit Vanguard. They allowed crypto ETFs on their platform. Vivek, a billion dollars went through their ETFs in the first 30 minutes. Remember, Vanguard was a massive hater of crypto and Bitcoin for years and years and years. They finally just flipped policy and said, you know what, we'll do an ETF. Boom, here we go. Let's join the— let's join the party. So the Federal Reserve just pumped $13.5 billion into the US banking system through overnight repos. This is the second largest liquidity injection since COVID and surpasses even the peak of the dot-com bubble. Look at liquidity models, which is decently a good chart to look at for pricing Bitcoin. Bitcoin should be over $200,000 right now while spot trading is just above $80,000. The last time Bitcoin traded this far below fair value was during COVID pandemic and the FTX meltdown. There you can see the chart right here. Also down below, BlackRock CEO Larry Fink says tokenization day is roughly where the internet was in 1997. Again, Larry Fink runs the largest asset manager on Earth, BlackRock, with over $10 trillion of assets. Also today, Trump hinted at the next Fed chair, which is Hassett, 80% chance on prediction markets. Seemingly, he'll be very dovish to the markets. Uh, Trump obviously wants massive rate cuts that will stimulate the real estate market and other parts of the economy, may have inflation tick up. They don't believe it'll happen, but he seemingly is in line with Trump's administration. He would take office in May of 2026. It's nice to have a little uptick today. We've had a lot of pain the last 30 to 60 days. We have so much good news in crypto. I keep reporting on it. Follow along for more. I'll keep sharing. We have so much good news, yet price seems to be off, at least in the short term. And you'll see days like this where it corrects back to where maybe the mean is at. Follow along to stay in the loop.
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