1) There are a number of publicly-traded crypto-centric companies, such as Coinbase, Riot Blockchain, Marathon Digital Holdings, and MicroStrategy. Although not

1) There are a number of publicly-traded crypto-centric companies, such as Coinbase, Riot Blockchain, Marathon Digital Holdings, and MicroStrategy. Although not part of any major index, investment firms that are undoubtedly have significant exposure to them. 2) There are plenty of crypto ETFs, such as GBTC and BITO, where selloffs there could cause liquidations elsewhere. 3) Major companies themselves now have significant crypto holdings. The most famous being Tesla, but investment banks have been piling into it over the past year. SPY's own State Street announced a 425-man team to head a new division last June.