Policy tailwind: the White House signed an executive order on Aug. 7 that opens the door for 401(k) plans to include alternatives like crypto. Implementation will take time under ERISA—and fiduciary duties remain—but directionally, this channels a potential multi-trillion-dollar pool toward regulated crypto exposure. Even gradual adoption is a structural bid for spot ETFs and trusted custodial rails. It’s not a trading catalyst by itself; it’s an access revolution that professionalizes on-ramps for everyday savers. Markets thrive when friction falls, and this EO lowers it. Bulls see runway for persistent flows into the space.

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