Last night, a thunderous roar echoed from the power core of Washington! The U.S. White House's national crypto asset supervisor, in a closed-door meeting, went all out and directly targeted Wall Street's financial giants—J.P. Morgan, Bank of America, and other leading financial institutions, harshly criticizing them for still fully blocking wealth management platforms from connecting with Bitcoin spot ETFs. This news hit the global crypto community like a giant stone thrown into a calm lake, instantly creating ripples and causing a huge uproar!
This is by no means a simple technical issue, but an extremely blatant act of power monopolization! Senior officials in the White House publicly accused banking giants, stating that their actions are 'obstructing American investors from legally entering the most important asset class of the 21st century,' with such strong wording being rare during the Biden administration!
The blockade wall built by Wall Street is artificially creating an epic market distortion! According to internal channels, key data held by the White House clearly shows that out of the $17 trillion in assets managed by registered investment advisors (RIAs) in the U.S., due to the existing bank system ban, less than 5% of the funds can be allocated to the Bitcoin ETF in compliance. This means that over $1.6 trillion in funds is forcibly trapped within the framework of the old world, unable to flow freely and be allocated reasonably!
Even more shocking is that internal memos from Fidelity show that its wealth platform receives hundreds of Bitcoin ETF allocation requests daily; however, due to the immense pressure exerted by the primary custodian bank, it has to repeatedly deny these requests. Banks are actually using clients' funds as chips in a power struggle, which is undoubtedly a blatant trampling and disregard for client rights!
A historic upheaval is imminent, and the strings of change are pulled tight! The White House's crypto office quickly activated an emergency coordination mechanism with the U.S. Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC). News from authoritative sources revealed to Chain News: within 24 hours, joint policy guidelines will be released, mandating banks to open access channels for wealth management! Goldman Sachs' trading department has urgently formed an 'ETF Liquidity Special Task Force,' and Morgan Stanley private wealth advisors have begun secretly contacting ultra-high-net-worth clients to pre-sign Bitcoin ETF allocation agreements—Wall Street insiders are already taking action!
Once the floodgates of wealth management are fully opened, the initial allocation demand from the U.S. RIA channel is conservatively estimated to exceed $27 billion (calculated based on 1.7% of $1.6 trillion in assets). BlackRock CEO Larry Fink candidly stated at a private dinner: 'The Bitcoin ETF will be the largest growth area in the asset management industry in thirty years, and its scale will surpass that of gold ETFs!' The real institutional FOMO (fear of missing out) tsunami is just beginning!
How long can Wall Street's pride and prejudice last? The White House's 'gun' is already aimed at the bankers' foreheads! This super game involving $17 trillion is destined to leave a significant mark in financial history, becoming a key event that rewrites the course of financial history—either actively embrace the future and go with the flow, or be mercilessly crushed by the tides of time, becoming the dust of history!
Don't follow Su Xiaowan? Next time there's a crash, you won't even get WiFi on the rooftop!
