Vanguard CEO Salim Ramji ruled out crypto ETFs on its platform in August, but 
consistent demand for crypto has seemingly changed his firm’s tune.

Vanguard’s 50M+ clients will soon have access to crypto ETFs

Placeholder VC’s Chris Burniske sees one of the best long-term setups for 
Bitcoin building in the background – but he is clear that the real opportunity 
likely lies lower, with a potential test of levels near $56,000 still ahead. 
On X, Burniske argues that the current sentiment environment is exactly what 
eventually produces outsized returns, while warning that it is still early for 
aggressive deployment. “There’s so much pessimism and short-term thinking on 
crypto assets these days that the R/R is tilting towards optimism and long- 
term, sized, high-conviction positions in distressed, public, cryptoassets,” 
he writes. “That said, the time isn’t yet now, imo.” Bitcoin Bear Market Not 
Over Yet He reiterates a framework he first shared when Bitcoin was trading at 
$109,000: “I shared my view @ $109K that BTC only starts to get interesting &lt; 
$75K, and a revisit of the 200W SMA is always possible (~$56K currently, will 
trend higher), with all of those numbers still representing a mellow bear.” 
For Burniske, a move into that band – and even a touch of the 200-week simple 
moving average – would not mean a structural breakdown, but a more orderly, 
“mellow” bear market reset. He adds a blunt caveat: “Can we go lower? Sure. 
Pay your taxes and let’s see what 2026 brings.” Related Reading: Analyst Sets 
Bitcoin Next Target At $95k-$96k – Here’s Why That patience extends beyond 
Bitcoin to the broader crypto complex. As an example, he highlights Monad’s 
MON token, where Placeholder is a venture investor. He describes MON as “one 
of the highest quality teams to launch in the last few years,” arguing it 
“sits at a tenth of the FDV of previous high-flyers in its category, while 
having superior tech &amp; design choices across the board.” For him, MON’s price 
action is symptomatic of the broader reset: “Observing discourse &amp; price- 
action around MON … shows how much repricing is happening.” Burniske sees that 
repricing as necessary rather than catastrophic. “More broadly, the vicious 
repricing happening in crypto is cathartic,” he says. “Everyone is taking 
their licks, and smart ones will learn and adapt.” In his framework, tokens 
are “liquid venture,” and the failure rate should be treated accordingly: 
“Most crypto assets should go to zero — this is liquid venture, what did you 
expect?” Related Reading: Newbie Bitcoin Whales Capitulating, But Old Hands 
Stay Silent The flip side is that a small minority of assets will, in his 
view, be marked down far too aggressively as “babies are thrown out with the 
bathwater.” For those, timing and conviction matter more than ever: “there are 
going to be a handful that reprice far too low … and having the conviction, at 
the right time, to be optimistic when the consensus is pessimistic will once 
again yield 10-100X’s.” For now, Burniske’s message to would-be Bitcoin bottom 
fishers is straightforward: the structural risk–reward is improving, but a 
convincing bottom may still require a deeper break – potentially toward the 
rising 200-week moving average around $56,000 – before long-term, high- 
conviction capital truly steps in. At press time, Bitcoin traded at $85,872. 
Featured image created with DALL.E, chart from TradingView.com

$56,000 Bitcoin Bottom? Burniske Thinks The Market Still Has To Break

The launch of these ETFs could increase institutional interest and investment 
in the crypto market, potentially boosting liquidity and market stability.
The post New XRP and SOL ETFs from REX Shares to launch tomorrow appeared 
first on Crypto Briefing.

New XRP and SOL ETFs from REX Shares to launch tomorrow

Soaring Japanese bond yields ignited a rush out of risk assets, hammering 
bitcoin below key levels as the yen carry trade unwound and volatility ripped 
through crypto and metals, intensifying fears of deeper rate-driven losses. 
Peter Schiff Cites 10-Year JGB at 1.84% and Rising as Bitcoin and Other Crypto 
Get Killed Bitcoin’s latest drop drew […]

Peter Schiff Says Rising Bond Yields Explain Why Bitcoin and Other Crypto Are Getting Killed

The Fed’s top bank cop is heading to Capitol Hill with a message that boils 
down to: yes, banks and crypto firms can all play nicely — but rules must be 
followed.

Cryptocurrency price in MMK