-- answerd adams in to be interesting.s no doubt that the second half of 2017, particularly the last few months, there wasn't so much interest in that institutional money. this wall of money that was supposed to come in. and it doesn't seem like platforms like coinbase is what everyone said is missing. there is custody, legal clarity, money would come in. and i have been fascinated to a building of the institutional infrastructure, not only coinbase and others, totally coinciding with this relentless selling. news whatsoever has boosted the price of any cryptocurrency for any length of time. so really, the exact opposite of the second half of 2017, where it is clear the infrastructure is being built in the capacity has expanded but it has not boosted the prices. brad: adam, is demand from institutions the same as it was when you announced that last year? adam: absolutely, it is greater than ever. institutions do not move fast, they are thoughtful and deliberate. lot of time with our institutional coverage group in new york