ETH

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has completely changed. I think ETH and BTC holdings are you know in the single digit percent like way less than 10% of the reserve. Now they're holding all these RWAs. Um, and so it's a pretty interesting uh reserve strategy shift and so it's a lot less it's a lot less of a crypto native strategy and more RWA based. Still very much on the tokenized side though. So I think Athena is really interesting. They're definitely evolving. Um, and I think this card um

I think ETH and BTC holdings are you know in the single digit percent like way less than 10% of the reserve.

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Directional signals

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