Bitwise CIO Matt Hougan calls tokenized stocks the most exciting moment in asset management in decades on Base.

Bitwise CIO Matt_Hougan calls tokenized stocks the biggest asset management shift in decades during Base blockchain overview.

Bitwise hosts live talk on Automated Token Portfolios with Matt Hougan, RasterlyRock and others covering crypto asset management shifts.

Vanguard ($10+ Trillion AUM) posts first head of digital assets role to build multi-year roadmap, per @matthew_sigel via @akshat_hk.

According to Julian Kwan, the world's largest asset managers, handling trillions in assets, represent the core of the financial system. He suggests that when these players transition onchain, it won't replace their operations but rather upgrade the infrastructure they rely on. This highlights tokenization's potential to enhance efficiencies in traditional financial markets.

According to Eric Balchunas, Citadel's cryptocurrency exchange is taking steps to become a national bank trust. This strategic move aims to position the exchange to offer a range of services, including crypto custody, asset management, and trading. The application could potentially enhance its role in the digital asset ecosystem by providing institutional-grade solutions.

According to @lookonchain, CoinShares has made its largest Bitcoin (BTC) outflow in history, transferring a staggering 10,720 BTC (valued at $720 million) to new wallets within the last two days. This significant movement could indicate potential strategy adjustments or shifts in asset management by one of the largest cryptocurrency asset managers. Traders should monitor market impacts closely for potential price fluctuations.

According to Eric Balchunas, private credit ETF PRIV recorded a large inflow that organically lifted its assets under management by roughly 300 percent to about half a billion after previously muted interest; source: Eric Balchunas. Balchunas adds that the move was likely driven by a model allocation or BYOA and characterizes it as a big institutional sized flow; source: Eric Balchunas.

According to Eric Balchunas, Vanguard has narrowed the US ETF asset share gap with BlackRock from 47% to 6% over five years and is likely to overtake as the US ETF asset leader within the next year or two (source: Eric Balchunas on X). According to Eric Balchunas, BlackRock remains the revenue leader in ETFs while Vanguard ranks fourth by revenue, indicating BlackRock’s stronger monetization despite the asset share shift (source: Eric Balchunas on X). According to Eric Balchunas, the evolving leaderboard underscores persistent demand for low-cost passive ETFs, signaling continued asset growth for Vanguard while BlackRock’s diversified fee mix can keep revenue leadership intact near term (source: Eric Balchunas on X).

According to @KobeissiLetter, investors are on track to withdraw a record 605 billion dollars from global active equity funds in 2025, surpassing the previous record of 450 billion dollars, source: @KobeissiLetter on X, December 21, 2025. According to @KobeissiLetter, this would be the 10th annual outflow over the last 11 years, highlighting persistent net redemptions from active stock picking strategies, source: @KobeissiLetter on X, December 21, 2025. According to @KobeissiLetter, the update characterizes active managers as struggling amid these sustained outflows, which is trading relevant for monitoring equity fund liquidity and positioning, source: @KobeissiLetter on X, December 21, 2025.