Cantor Fitzgerald: $2B Bitcoin-Backed Lending Program
Cantor has launched a $2 billion financing program backed by Bitcoin, securing its first deals with FalconX and Maple Finance. The program aims to revive the crypto-backed lending sector, which had suffered after the bankruptcies of Celsius and BlockFi. Large sums (over $100M) have already been committed for lending, while the overall crypto lending market has recovered to $36.5 billion.
Trump Media: $2.5B for Bitcoin
Trump Media announced it will raise $2.5 billion (via stock offerings and convertible bonds) to purchase Bitcoin and include it in its treasury. CEO Devin Nunes stated that the move aims to protect the company from "banking harassment" and will be used as a means of payment, subscriptions, and possibly a utility token within the Truth Social ecosystem.
Bill Daley Joins Forteus
Bill Daley, former White House Chief of Staff and executive at JPMorgan, BNY Mellon, and Wells Fargo, is joining Forteus—the crypto asset management arm of Numeus Group—as a partner. Daley said it’s a "time of optimism and regulatory progress for crypto in the U.S." and will focus on strengthening institutional relationships.
ETF Fees: Record Highs for New Funds
Despite the "Vanguard effect" (low fees for passive funds), the new ETFs of 2025 have an average expense ratio of 0.65%—a historic high. Crypto ETFs, single-stock leverage products (e.g., GME 2x), and exotic themes dominate. However, the market-wide average fee remains just 0.175%.
Michael Saylor’s Strategy
Michael Saylor’s company is outperforming Bitcoin itself (26% vs. 16% YTD), using a unique strategy: selling shares and bonds to buy Bitcoin, and leveraging the positive momentum to attract more capital. It maintains a premium over the BTC net asset value on its balance sheet—something no ETF can achieve. The Strategy plans to raise another $84 billion for additional BTC purchases.
( I don't like what Saylor is doing but for now it is working)
Now what is the meaning of all that?
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Traditional financial institutions are making a strong comeback with lending programs and institutional support.
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Politics and business (Trump Media) are once again aligning with Bitcoin in a Saylor-style strategy.
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Institutions are taking positions, while retail investors have new options—with higher fees but broader thematic freedom.
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The trend is clear: the institutional cycle of Bitcoin is strengthening and evolving—not just as an asset, but as a tool for diversification and financial autonomy.
Posted Using INLEO
