Jay Jacobs

And oftentimes if you're looking at 13F filings or just headlines, it could just be repositioning within the value chain.

It doesn't represent a lesser bet on artificial intelligence as a whole.

So we continue to have a ton of conviction.

Our clients have not been terribly concerned about headlines.

It's really about kind of the continued adoption of artificial intelligence that's been driving so much of the interest in this fund.

You know, kind of similar.

I mean, this fund, iBit, is still up nearly double since we launched it just last January.

So I think, you know, a lot of early people are still quite excited.

And then what's been changing is there's been growing availability of iBit.

So some of the major wealth platforms in the United States, which represent trillions of dollars of assets, have just enabled their advisors to be able to buy iBit.

And so, frankly, for a lot of people who are just getting into the ecosystem,

They're quite thrilled that they get to be able to get in off of highs as they start to think about allocating as a more structural position in people's portfolios.

And I'm Nathan Hager.