Don't want to self-custody Bitcoin, but still want to allocate to crypto assets? For traditional investors, buying an "on-chain vault stock" might be more reassuring:

📈 Companies like MicroStrategy are effectively using stocks to carry exposure to crypto assets like Bitcoin;

🇫🇷 The French market even has similar "on-chain index stocks," which have lower volatility and a lower barrier to entry compared to the former;

💸 Some companies have a market cap far below their net asset value (NAV) of on-chain assets, offering retail investors a discounted entry point.

👀 The "traditional entry point" for crypto investment is being restructured, shifting from exchanges and wallets to securities accounts and the US stock market.