[glassnode: Increased Institutional Participation in Bitcoin, Tokenized RWA Scale Grows to $24 Billion in One Year] The Q4 digital asset report from glassnode reveals that new capital inflows into Bitcoin during this cycle reached $732 billion, with 1-year realized volatility nearly halved. The market has become calmer and larger in scale, with a significant increase in institutional participation. Over the past 90 days, Bitcoin settlement volume was approximately $6.9 trillion, comparable to or exceeding that of Visa and Mastercard. Funds are flowing into ETFs and brokers, with trading activity shifting off-chain, but Bitcoin and stablecoins continue to dominate on-chain settlements. The scale of tokenized RWAs has grown from $7 billion to $24 billion within a year, marking the most significant phase of institutional adoption. Tokenized funds are seen as one of the fastest-growing sectors by 2025, offering new opportunities for asset management companies and investors.