Digital Asset Rails: Exchanges, Treasuries & Card Networks

Bitcoin is down nearly 10% in October as AI-chip traders book crypto losses, so the drawdown is leveraged beta and not a new institutional bid. The basket pairs the most direct crypto-price equities (exchange, brokerage, bitcoin treasury, miner/AI-compute) with the two card networks that move money between digital and traditional accounts. It is a bet on a rebound in digital-asset activity, with the networks as the steadier part. Catalysts: - 2026-10-18 Bitcoin at a turning point as AI-chip traders take crypto losses (https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-turning-point-bear-market-risks-bullish-hopes/cZxNFYvRBtM) Launch basket (equal weight): COIN, MSTR, HOOD, IREN, V, MA Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.