The lines will be separated between the investment funds circulating in Spot Crypto and direct ownership in 2025

In today’s case, Miguel Kudry From L1 ADVISORS, direct ownership of encrypted currencies against the traded boxes and files in the exchange and how it is expected to develop until 2025.

then, Inochs crews From Cooop Index, he answers questions about the topic in the ask and Expert.

– Sarah Morton

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The lines will be separated between the investment funds circulating in Spot Crypto and direct ownership in 2025

The year 2024 represented a pivotal moment for the cryptocurrency market with the launch of the money traded on the stock exchange (ETFS), as it quickly became one of the fastest investment funds circulating in history. According to various reports, Global Crypto Etps More than 134 billion dollars collected In management assets (AUM) by November 2024, this success was noticeable even in light of the initial restriction of cash recovers and contributions only in the United States, a case imposed by the Supreme Education Council during the approvals of 2024. However, the scene is appointed to develop more in 2025 with The expected changes in redemption mechanisms.

The transition to abstracts in kind

SEC’s decision in 2024 not to allow the availability and contributions of ordinary eyes that the money can only be used to buy or sell ETF shares, which limit the capabilities of these financial products to some extent. This restriction is preparing for change in 2025, with the expected organizational bodies to allow regular transactions to the investment funds circulating for immediate encryption. Blackrock Already To enable the in -kind recovery processes for Bitcoin ETF. This change will allow the participants accredited to the shares’ issuance and recovery directly using Bitcoin or ETHER instead of cash, which will create a new wardrobe of traditional financing (Trafi) and decentralized financing (Defi).

Impact on investors

Only the critical approach had left billions of cryptocurrencies on the sidelines. The indigenous investors, especially those who have low -priced assets, have hesitated to convert their property into investment funds circulated due to major tax obligations. With eye recovery, these investors can transfer parts of their encrypted wealth to investment funds traded without immediate tax burden, thus reaching a broader set of traditional financial services such as non -allied lending, mortgages, and private banking services.

For traditional investors who have gained exposure to encrypted currencies through traded investment funds, the shift to in -kind summaries provides an opportunity for diving in a deeper in the ecosystems for encryption. These investors, after witnessing a great appreciation in their ETF holdings (for example, Bitcoin valued about $ 4,800 at the time of ETF in January 2024, and raised about $ 3422 by almost by mid -July 2024), their ETF shares can now be transferred in Direct encryption biases to explore Defi products without the need for new capital or to face tax effects.

The incentives for change

the Recent employee accounting bulletin No. 21 (SAB-21) It is another important development. This will reduce the financial institutions from registering digital assets as opponents on their public budgets, encouraging more banks and mediation to deal with encrypted nursery and developing the original coded financial products. An example of this trend is Coinbase’s The last launch From the Bitcoin -backed lending product in partnership with Morpho Labs, take advantage of Defi to support loans with Bitcoin. This year, we must expect to see a wave of traditional financial institutions that follow this path.

At the same time, a slice of investors is attracted towards the self -body, preferring to manage their assets independently to reach the original encrypted products without the mediators. This trend emphasizes the importance of self -use self -use and safe in an advanced encryption scene.

Trafi and Defi convergence

2025 is formed when the boundaries between traditional and traditional financing become increasingly unclear. With mechanisms such as in -kind transactions and favorable organizational changes, investors are likely to interact with more smooth original encrypted platforms, often unintentionally. This rapprochement is expected to enhance flows in both sectors, which enhances volume and creates a more interconnected market.

In conclusion, the development from ETF to directing ownership in the encryption space is not only related to the selection of investment, but rather how to reshape the investor’s behavior and market dynamics. With eye recovery on the horizon and organizational changes such as SAB-21 withdrawal, 2025 important chapters will be represented in integrating cryptocurrencies into the prevailing financing, which increases the lack of clarity of the lines between traditional financial bars and lines.

– Miguel Kudri, CEO of L1 Adviss

Ask an expert

Q: What distinguishes the ownership of encryption on the series from traditional traditional investment funds?

24/7 Access to the market is just a starting point. Ownership on the chain cancels the real cost insurance-which allows investors to use assets such as guarantee, gain return, and participate in decentralized ecosystems. While the incredible investment funds provide exposure, the assets provide the series of unparalleled flexibility and interest.

Q: How does the direct nursery of the encryption assets enhance the elasticity of investors compared to ETF permits?

Have you ever tried to transfer holdings from mediation to another? How long did it take? Was it the nightmare of friction? probably. With encryption ownership on the chain, you have complete control. You can keep your origins, deposit them with the guardian, move them inside and go out in minutes. What if an opportunity arises, and you need to act quickly? You can get liquid immediately by selling or borrowing against your assets – do not wait, no trouble, just procedure when needed.

Q: Are artificial intelligence agents in the future preferred the circulating investment funds or the distinctive assets of the series?

Amnesty International’s Undersecretary Imagine Investment Management. To purchase ETF, you will need to move in KYC operations, work through limited hours of mediation, dependence on human intermediaries. Distinguished assets on the chain removes these barriers, providing access around the clock throughout the week, smooth automation, and cost cost to increase efficiency to the maximum. For the financial systems driven by artificial intelligence, the choice will be clear: Defi.

– INOCHS, Ecological Growth Leadership, Cooop Index

Continue

• President Donald Trump signed Encryption To set a federal agenda aimed at moving American companies to digital assets to friendly supervision.
• Arizona Bitcoin Strategic Reserve Bill It is transferred to the next stage after the Senate Finance Committee approved it on Monday.
• American Senate Sub -committee on digital assets It was formed, headed by Senator Senata Cenatia Lomes, the most defender of Congress in the encrypted currency.