spot ETFs still sets the tone for retail partici — cycle psychology is the overlooked drive
Builders and treasuries should track spot ETFs even when social feeds obsess over sanctions screening.
Put beside current chatter on “What the election results mean for crypto: State of Crypto,” the incentive problem looks clearer.
Attention jumps quickly; capital moves more slowly.
The healthier setup is alignment: treasury diversification improving while staking yields stays orderly.
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