X @Ignas | DeFi

RT Ignas | DeFi (@DefiIgnas)For crypto to pump, we needed fiat inflows into the ecosystem.For years, this role was filled by stablecoins.Now, ETFs and TradFi crypto treasury companies pump crypto without directly entering the crypto system.It's great for institutional investors who are bullish crypto but don't want to deal with onchain stuff and legal issues.It's the Great Tradfi x Crypto Merge.Interestingly, when money enters crypto ecosystem, these new holders used to chase yield in DeFi.But ETFs and Trea ...