Money Market Funds Mutual Funds Common Investment Funds Tokenized Funds Closed-End Funds Equity Funds ETFs Outflows Hedge Funds Open-End Funds Tokenized Assets Grayscale Bitcoin Trust Fund Management Cryptocurrency Funds Cash Management Funds Dividends Healthcare Funds Investor Communications Gold ETFs Debt Funds Social Security Trust Fund Arbitrage Funds Equity Schemes ETF Investor Letters Public Sector Emerging Markets Comparative Analysis AI Tools Real Estate Investment Funds Holdings Global Markets Sector Performance Criminal Financing Cryptocurrency Institutional Investment Management Technology Funds Authorised Funds Exchange Traded Funds Exchange-Traded Funds Receivables Funds Loans Returns Small Cap Funds Fondos Comunes de Inversión Tokenised Funds Large Cap Funds Sustainable Investing Optima Funds Fixed Income Funds Money-Market Funds Hedged Equity Funds Money Market Regulatory Oversight Regulation Fundo Garantidor de Crédito Regulatory Bodies Real Estate Defense Funds Heritage Fund Canadian ETFs Silver-focused Funds Bond Funds Commodities Mulvihill Premium Yield Fund Income Funds Distribution Closed End Funds Distributions Crypto Funds Exchange-Traded Funds (ETFs) Pantera Solana Fund Asset Management Fees Domestic Investment Funds
The investor letter pivots to 2026 risks, emphasizing policy leadership uncertainty.
