Core Insights - Early investors in cryptocurrencies like Bitcoin, Ethereum, and XRP have seen significant returns, with Bitcoin increasing by over 1 million percent in the last decade and Ethereum projected to reach $10,000 by 2030 [1] - Institutional interest in cryptocurrencies is growing, with billions being drawn from Wall Street into crypto products, and notable developments occurring in the EU despite regulatory challenges [2] - ING Germany has launched crypto ETP trading for retail investors, allowing direct exposure to Bitcoin, Ethereum, and Solana, coinciding with a period of low crypto sentiment [3][4] Industry Developments - The introduction of crypto ETPs by ING Germany, in partnership with VanEck, reflects a trend where more European crypto firms are offering regulated access to digital assets, treating them similarly to stocks or bonds [4] - A crypto ETP is a security that tracks the price of a cryptocurrency without requiring direct ownership, with banks managing custody and reporting, thus simplifying the investment process for retail investors [5] - The ETPs are available for trading through existing securities accounts, but traders must complete a suitability check before trading, and the underlying assets cannot be withdrawn to third-party wallets [6] Market Impact - The launch of the crypto ETP is seen as a gamechanger for retail investors in Europe, addressing concerns about custody risk that arose after the collapse of exchanges like FTX during the last bear market [7]

Product Expansion - Valour's Solana ETP 将于周三在巴西主要证券交易所 B3 开始交易 [1] - Valour 在拉丁美洲最大经济体中，现有 Bitcoin、Ethereum、XRP 和 Sui ETPs 产品线得到扩充 [1]

Market Predictions & Analysis - Bitwise CIO discusses the possibility of BTC reaching $200K [1][2][3] - The discussion includes top crypto trades beyond Bitcoin [1] - Analysis of the future potential of Solana (SOL) is provided [1] ETF & Investment Flows - Examination of ETF flows and their impact on the market [2] - Update on Bitwise's Index ETF Conversion [2][16] Solana & DeFi - Solana ETP timeline is discussed [2] - Debunking the meme coin "overhang" on Solana [2] - Insights into the next wave of DeFi [2] Market Structure & Prediction Markets - Reaction to Wall Street's embrace of prediction markets [2] - Implications if market structure doesn't pass are explored [2]