The wave of ETFs and corporate reserves has increased the BTC holdings of traditional institutions and companies. So what's next?

Those holding BTC assets should consider the issue of staking and financing.

Considering compliance, the first choice is still Cefi platforms, and various crypto banks should start to grow stronger. Just a few days ago, JPMorgan announced that starting in June 2025, customers will be allowed to use assets like BlackRock's iShares Bitcoin Trust (IBIT) as loan collateral.

However, after the FTX incident, it is expected that there will be strict restrictions on revolving loans. Speaking of this, if BlockFi hadn't gone bankrupt back then, it might have been thriving again.