became available to them with IBIT, it had to be a part of the conversation of how do they think about this asset class? Does it fit in their portfolio? What are they getting when they allocate to Bitcoin in a broader portfolio? And so it just really accelerated those conversations within some of the most sophisticated institutions in the world. >> It seems like Bitcoin's volatility has compressed. It was, you know, 80ish vault asset. Now it's like a 3540 vault asset. Um, I have heard people claim that it's because just Wall Street's participating in general. Some people say it's the ETF. Some people say no, it's actually all of the leverage and
>> It seems like Bitcoin's volatility has compressed.