Something quite interesting happened over the past three days.

Three financial giants, each managing tens of trillions of dollars, made new moves in the crypto space almost simultaneously. The timing is also intriguing—right after BTC and a slew of altcoins crashed. While the market was in despair, these old money players quietly started entering the scene.

**Let’s start with Vanguard, this old-timer**

This fund company, managing $11 trillion in assets, used to have a "keep your distance" attitude toward cryptocurrencies. But now, they've suddenly opened up crypto ETF trading permissions, allowing clients to directly buy BlackRock's related products on their platform.

Although Vanguard hasn't launched its own products yet, this change in attitude speaks volumes. Even the most conservative players are starting to recognize this market? More sidelined capital may start flowing in soon.

**Bank of America is even more direct**

They plan to officially recommend that clients allocate 1%-4% of their assets to cryptocurrencies starting January next year.

What does this mean? It means crypto assets are no longer "high-risk speculative products," but have officially become part of mainstream wealth allocation. Institutional investors who used to hesitate about whether to get involved now have recommended allocation ratios written directly into their investment manuals.

More importantly, this strategy is basically in line with what BlackRock, Fidelity, and Morgan Stanley are saying. Collective recognition of crypto assets in traditional finance is accelerating.

What are institutions doing when the market drops? They're positioning themselves.