المنشور

Net for the week: about -$150M in bitcoin funds and -$260M in ether funds, which is almost nothing against what left on Tuesday and Wednesday. The allocators sold the failed statute and bought the agencies acting without one, and it took them two days to decide that was the better outcome. A bull-side print on Friday isn't a forecast; it's a report on Thursday's decision. What it tells you is which way the patient money leaned once it had the week in front of it. Observations, not advice.