Macro Turning Point or Institutional Surge?

​BlackRock’s iBIT ETF has now surpassed $100 billion in cumulative flows, marking a historic wave of institutional participation in crypto.

​Will this momentum continue into an institution-led super-cycle, or are shifting macroeconomic conditions setting the stage for a slowdown in risk appetite over the coming quarters?

​In this second Currency Hub × Sound Money Markets Call, we’ll unpack several key indicators from our investment process to assess where we stand in the cycle - and what might come next:

• ​Macroeconomic Indicator - how global economic conditions shape risk appetite

• ​Long-term vs short-term holder positioning - gauging conviction among OGs vs new entrants

• ​ETF demand and institutional flows - reading TradFi’s footprint in crypto

• ​Leverage, profit-taking, and market health metrics - identifying points of risk and opportunity

​This is a markets-focused session, not a Bitcoin introduction. An introductory session will follow in early 2026 for those new to the space.

​Join us on Tuesday, November 4 for a 1-hour session designed for investors and professionals who want a data-driven view of where we stand in the cycle.