# Сопутствующие статьи по теме Wall Street

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Wall Street", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Q1 Wall Street Institutional Holdings Revealed: Jane Street Slashes Bitcoin ETF Position by 71%, JPMorgan Increases Holdings by 174%

Wall Street's Q1 13F filings reveal divergent strategies among major institutions regarding crypto exposure amid a broad market downturn. Bitcoin fell nearly 24% in Q1, with total crypto market cap down 20.4%. Key moves include Jane Street sharply reducing its Bitcoin ETF holdings (cutting IBIT by 71%) while significantly increasing its Ethereum ETF positions and building a new stake in Galaxy Digital. In contrast, JPMorgan Chase aggressively bought the dip, increasing its IBIT holding by 174% and boosting stakes in other Bitcoin ETFs, while initiating a position in a Solana ETF and clearing its XRP ETF. Wells Fargo increased its Ethereum ETF exposure by over 60% despite outflows from the asset class, while nearly exiting its Galaxy Digital position. BlackRock continued buying Bitcoin on-chain (adding ~15,000 BTC) and increased its holdings of crypto-correlated stocks like MicroStrategy and Bitmine, though its overall crypto portfolio value shrank due to price declines. ARK Invest notably increased its bet on Circle, highlighting institutional interest in the stablecoin infrastructure narrative. The filings signal three trends: growing institutional interest in Ethereum for long-term infrastructure plays, strategic differences (not bearishness) driving Bitcoin positioning, and crypto-equities becoming a core, though contested, allocation (e.g., mixed views on Galaxy Digital). The Q1 accumulation by some institutions appears validated in Q2, with Bitcoin rebounding above $80,000 and spot Bitcoin ETFs seeing renewed net inflows.

marsbit05/15 11:07

Q1 Wall Street Institutional Holdings Revealed: Jane Street Slashes Bitcoin ETF Position by 71%, JPMorgan Increases Holdings by 174%

marsbit05/15 11:07

Wall Street Bets Big on RWA: BlackRock, Franklin Templeton, Morgan Stanley Are Moving Financial Markets On-Chain

Wall Street is fully embracing Real World Assets (RWA), with giants like BlackRock, Franklin Templeton, and JPMorgan Chase actively moving traditional financial markets onto the blockchain. The global RWA market has now surpassed $30 billion. BlackRock continues to expand its tokenization efforts, recently filing a new structure with the SEC that integrates blockchain-based fund shares directly into the regulated U.S. fund registry system, bridging the gap between on-chain and traditional finance. Its BUIDL fund, launched with Securitize, has grown to approximately $2.3 billion in assets. Franklin Templeton has partnered with Kraken's parent company to explore tokenizing traditional financial products, including stocks and yield-generating instruments. This shift highlights traditional finance's growing acceptance of blockchain as a core component of the future financial system, not just a niche market. JPMorgan Chase is advancing its on-chain dollar liquidity system by filing for a second tokenized money market fund (JLTXX) on Ethereum. This move aims to create a complete on-chain USD ecosystem where digital dollars can earn yield, moving beyond simple stablecoin payments. The trend signals a broader shift in crypto from speculative assets to building new financial infrastructure. RWA tokenization is enhancing efficiency through real-time settlement, transparency, and 24/7 global markets, positioning blockchain for a foundational role in the future of global finance.

marsbit05/14 02:51

Wall Street Bets Big on RWA: BlackRock, Franklin Templeton, Morgan Stanley Are Moving Financial Markets On-Chain

marsbit05/14 02:51

Wall Street's 'Compliance Hunt': The Great Stablecoin Reserve Migration

In a concentrated move over the past week, several Wall Street giants have advanced their tokenized money market fund initiatives, signaling a strategic shift driven by impending U.S. stablecoin regulations. JPMorgan Chase launched its second such fund, JLTXX, on Ethereum, explicitly targeting future stablecoin issuer reserve needs. Concurrently, Franklin Templeton partnered with Kraken to integrate its BENJI tokenized funds onto the exchange platform for use as collateral and cash management tools. BlackRock further solidified its position by filing for two new tokenized funds with the SEC, aiming to convert its massive traditional stablecoin custody business into a tokenized model. These parallel developments represent a multi-pronged institutional "compliance hunt" to capture future crypto liquidity. BlackRock and JPMorgan are focusing on the backend, preparing to serve as the core reserve and settlement infrastructure for compliant stablecoins as outlined by the GENIUS Act. This act defines strict "qualified reserve asset" requirements for stablecoin backing while prohibiting interest payments to holders. Franklin Templeton and Kraken, however, are exploiting a potential regulatory gap. By offering a tokenized fund (BENJI) that is not a stablecoin, they aim to provide yield-bearing, collateralizable digital cash instruments, circumventing GENIUS Act's ban on stablecoin yield. The impending CLARITY Act, which will delineate digital asset market structure, is seen as a complementary piece to GENIUS. Its treatment of passive income could solidify the niche for instruments like BENJI. With conservative market size estimates for tokenized money market funds reaching hundreds of billions by 2030, Wall Street institutions are positioning themselves early, using on-chain settlement as a key competitive differentiator to offer superior liquidity and composability for the next generation of dollar reserves.

marsbit05/13 05:15

Wall Street's 'Compliance Hunt': The Great Stablecoin Reserve Migration

marsbit05/13 05:15

US Stock Registration Giant Acquired by Cryptocurrency Exchange, Accelerating Stock Tokenization

Bullish (NYSE: BLSH), a crypto asset trading platform, announced a $4.2 billion acquisition of Equiniti, a major Wall Street transfer agent serving nearly 3,000 public companies. This move aims to accelerate stock tokenization by securing a critical, regulated piece of financial infrastructure that maintains official shareholder records and handles dividends. The deal signals intensifying competition in the tokenization race. True "native" on-chain securities require a licensed transfer agent for legal ownership registration—a bottleneck Bullish now aims to solve. The acquisition positions Bullish to bridge traditional equity markets with blockchain, leveraging Equiniti's extensive client network and compliance credentials. This follows recent key developments: ICE (NYSE's parent) plans a new tokenized securities platform, and the SEC approved Nasdaq's tokenized stock pilot. Bullish's strategy is to establish a neutral, cross-platform infrastructure ahead of these initiatives. The combined company expects high growth from its tokenization business, targeting the vast U.S. equity market. The narrative is shifting from "crypto vs. Wall Street" to convergence, where legacy infrastructure is upgraded onto blockchain rails. The next 18 months will be crucial for observing the rollout of NYSE's platform, Bullish-Equiniti integration, and the broader adoption of tokenized securities by institutions.

marsbit05/09 09:52

US Stock Registration Giant Acquired by Cryptocurrency Exchange, Accelerating Stock Tokenization

marsbit05/09 09:52

US Stock Transfer Agent Leader Acquired by Crypto Exchange, Accelerating Stock Tokenization

Crypto exchange Bullish announces $4.2 billion acquisition of Equiniti, a major Wall Street transfer agent. This deal, occurring amidst a heated race for tokenizing traditional securities, targets the core of stock ownership records. Equiniti maintains shareholder registries for nearly 3,000 public companies, including giants like Berkshire Hathaway, handling dividends and corporate actions. The strategic move aims to bridge legacy finance with blockchain by securing the critical "system of record" needed for legally compliant, native tokenized stocks, rather than derivatives. The acquisition follows rapid 2026 developments: ICE (NYSE parent) announcing a 24/7 tokenized securities platform, SEC approving Nasdaq's tokenized stock pilot, and NYSE partnering with Securitize. Bullish, led by ex-NYSE president Tom Farley, positions itself as a neutral infrastructure player by owning Equiniti's extensive client network and regulatory licenses across multiple exchanges. The combined entity projects 20% annual growth for its tokenization business. This signals a convergence of crypto and traditional finance, where control over foundational infrastructure like transfer agencies will define the next era of capital markets, enabling real-time settlement, fractional trading with stablecoins, and global accessibility.

链捕手05/09 09:44

US Stock Transfer Agent Leader Acquired by Crypto Exchange, Accelerating Stock Tokenization

链捕手05/09 09:44

a16z Crypto Partner: Crypto is Being Repackaged by Financial Institutions, Potential Far Exceeds Imagination

In this article, Guy Wuollet of a16z Crypto explores why traditional financial institutions are increasingly adopting blockchain technology. He questions the term "digital assets," pointing out that most modern assets are already digital. However, he argues that the core infrastructure of finance remains surprisingly undigitized, relying on fragmented systems and manual reconciliation. The key driver for Wall Street's adoption, according to Wuollet, is not the ideological principles of decentralization but a pragmatic need to solve complex coordination problems among multiple, often distrustful, parties. Blockchain offers a neutral, shared system where asset ownership is embedded directly in the software, eliminating the need for separate ledgers and reducing settlement times and costs. As crypto technology is integrated into traditional finance, it loses some of its countercultural edge but gains mainstream legitimacy. More importantly, it brings the powerful software concept of *composability* to finance. When financial assets exist on a shared, programmable infrastructure, they can be easily combined, extended, and integrated, enabling faster innovation and new applications. In essence, crypto is being "repackaged" as critical infrastructure by large institutions. While this integration involves compromises, the underlying transformative potential—inheriting capabilities like composability—may ultimately be far greater than these institutions initially anticipated.

marsbit05/08 16:28

a16z Crypto Partner: Crypto is Being Repackaged by Financial Institutions, Potential Far Exceeds Imagination

marsbit05/08 16:28

a16z Crypto Partner: Cryptocurrency is Being Repackaged by Financial Institutions, Its Potential Far Exceeds Imagination

"Digital Assets" and the Real Digital Transformation of Finance The term "digital assets" puzzles many in crypto, as most assets today are already digital. Yet, the financial industry's core infrastructure has largely escaped the profound digital transformation seen in other sectors like media and retail. Beneath modern interfaces, finance still relies on fragmented systems, manual reconciliation, and paper-based processes. The true driver for blockchain adoption by large financial institutions is not ideology but a practical need to solve coordination problems. It provides a neutral system for multiple parties to collaborate without ceding control to a single entity. Asset ownership is encoded directly into the software, eliminating separate ledgers and disputes over records. The asset *is* the record. While crypto's adoption by Wall Street involves compromises and compliance, it inherits a key capability: *composability*. When financial assets exist on shared, programmable infrastructure, they can be combined, extended, and integrated seamlessly. The immediate benefits are faster settlement and lower costs, but the deeper, structural change is the newfound ease of building applications on top of this system. In essence, crypto technology is not disappearing into financial institutions but being repackaged as foundational infrastructure. As Wall Street adopts it, the industry may ultimately inherit more of crypto's transformative potential than it initially anticipated.

链捕手05/08 06:42

a16z Crypto Partner: Cryptocurrency is Being Repackaged by Financial Institutions, Its Potential Far Exceeds Imagination

链捕手05/08 06:42

Goldman Sachs Bows Down, Bitcoin Finally Breaks Through the Gates of Wall Street

Wall Street giants, including Goldman Sachs, Morgan Stanley, Charles Schwab, and the New York Stock Exchange, have reversed their long-standing opposition to Bitcoin and are now actively embracing it. After years of dismissing Bitcoin as a scam, a bubble, or a tool for illicit activities, these institutions are launching Bitcoin ETFs, enabling spot trading, and building dedicated crypto infrastructure. Goldman Sachs, which once called Bitcoin a "fraud tool," is now offering Bitcoin ETFs. Morgan Stanley, which internally banned the term "cryptocurrency," has launched its largest-ever ETF backed by Bitcoin. Charles Schwab has opened spot crypto trading for its retail clients, integrating Bitcoin alongside traditional assets. The NYSE is building robust infrastructure to support digital assets, signaling a long-term commitment. This dramatic shift is driven not by a change in ideology but by economic necessity. As Bitcoin repeatedly survived market crashes and grew into a multi-trillion-dollar asset class, ignoring it became too costly. Wall Street’s business model relies on capturing fees, and Bitcoin’s rise represented a massive wealth transfer occurring outside their ecosystem. The fear of missing out (FOMO) and client demand forced these institutions to capitulate. The article frames this as a historic surrender to Bitcoin’s mathematical inevitability. Unlike the trust-based traditional financial system, Bitcoin operates on decentralized, transparent, and unchangeable rules. Its scarcity and resilience make it a hedge against fiat currency devaluation and systemic risk. The narrative has flipped: not holding Bitcoin is now seen as the greater risk. The author concludes that Bitcoin has not been co-opted by Wall Street; instead, it has co-opted Wall Street, marking a fundamental shift in the global financial architecture.

marsbit04/24 01:27

Goldman Sachs Bows Down, Bitcoin Finally Breaks Through the Gates of Wall Street

marsbit04/24 01:27

Institutional Adoption of Prediction Markets Stuck at the Third Stage

Prediction markets are transitioning from niche platforms focused on elections and sports to mainstream financial tools, as highlighted at Kalshi Research's inaugural conference. While sports still dominate trading volume (around 80%), non-sports categories like macroeconomics, politics, and entertainment are growing faster, signaling a shift from entertainment-based trading to information and risk management tools. Institutions, including Wall Street firms, are increasingly using prediction markets for data reference (Stage 1 adoption), with some progressing to system integration (Stage 2). However, full-scale trading (Stage 3) is limited due to the lack of margin trading, requiring full collateral for positions—a barrier for leverage-dependent entities. Kalshi is working with regulators to introduce margin mechanisms. Key insights from participants like Goldman Sachs and CNBC emphasize the value of real-time pricing for events (e.g., Fed decisions, tariffs), providing benchmarks previously unavailable. The path to maturity mirrors historical financial instruments like options, with expectations that prediction markets will become institutional staples within five years. Political leaders, including Trump and Schumer, now cite Kalshi odds, underscoring its growing influence. The platform rewards domain expertise over traditional finance backgrounds, attracting diverse participants from fields like music and poker. Ultimately, prediction markets are evolving into critical infrastructure for pricing uncertainty.

marsbit04/17 02:27

Institutional Adoption of Prediction Markets Stuck at the Third Stage

marsbit04/17 02:27

Institutional Adoption of Prediction Markets Stuck at the Third Stage

Prediction markets are transitioning from niche platforms focused on elections and sports to mainstream tools for information and risk management. While events like the Super Bowl still dominate trading volume, non-sports categories—such as macroeconomics, politics, and entertainment—are growing faster and attracting institutional interest. Key drivers include the need for real-time benchmarks on uncertain events (e.g., election outcomes or policy changes), which traditional markets lack. Institutions like Goldman Sachs and CNBC are already using prediction market data for decision-making, though most remain in the early stages of adoption. The path to full institutional integration involves three phases: data integration, system compliance, and active trading. The current barrier to large-scale trading is the lack of margin trading, requiring full collateral for positions—a limitation platforms like Kalshi are working to address. Experts compare prediction markets to the early days of options trading, anticipating they will become a standard, if mundane, financial infrastructure. Political leaders and institutions are increasingly referencing these markets, signaling their growing credibility. The future lies in their evolution from speculative arenas to essential tools for hedging and pricing uncertainty.

Odaily星球日报04/17 02:22

Institutional Adoption of Prediction Markets Stuck at the Third Stage

Odaily星球日报04/17 02:22

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