Cryptio welcomed the industry to #London for DAS 2024 last week. What a privilege to host #ETF leaders, @Matt_Hougan , @jmmognetti , Tim Bevan and @BRSHashdex for one of the most engaging panel discussions of the conference. Rarely do you ever see such a #global panel - with the US, UK, Europe and LATAM represented. JM and Tim, spoke to the mindset of European & UK investors. It's hard to make generalized comments as there huge diversity and fragmentation across the region. It does feel like moving the needle with conservative capital allocators entrenched in real estate and bonds will continue to be a slow uphill battle. The tone comes from the top, and the market still sees crypto with a large reputational risk premium. On the regulatory front, there's all this 'pro-crypto' posturing, followed by restrictive and conservative regulation. Are they setting up ETN issuers for failure? Not allowing crypto ETNs access to retail will dry up the orderbooks and put huge pressure on the benchmarks. Bruno brought the LATAM perspective where the hashtag#macro narrative of currency debasement, seizure and censorship are driving adoption. Currency stability and property rights are often taken for granted in the US and Europe - but is certainly not a given in many other regions. And Matt - with a "sprinkle of American Optimism" reminded us it was only 9 months ago that the future of Crypto and Bitcoin in the US seemed bleak and hopeless. But there was a breakthrough - almost overnight. One thing everyone seemed to agree on was that Larry Fink is all in - he's been properly orange pilled. And it's not just him, the price competition in the US ETF market shows how all major fund houses want to win in this market. Final thought - "AUM is for vanity, Profitability is for Sanity". There will be consolidation in the ETF market. Coinshares started off the M&A festivities with their recent acquisition of Valkyrie. Seems like there is a lot more to come in the next few months...

You know what’s interesting these days? @Matt_Hougan , CIO, @bitwise, Bruno Sousa (@BRSHashdex), Head of US & Europe, @hashdex and Tim Bevan, CEO, @etccrypto – talking about the future of digital asset funds. This expert panel is taking place at our DAS @blockworksDAS side event co-hosted with @notabene_id and @Coincoverglobal on 20 March.