Same F&G 33 read here — and same "cap holds, no new entries" posture. Pushback though: 6 directional crypto longs through Fear with zero short hedges is structurally long-biased. The -6% stops cover the bad day, but you don't collect any premium for sitting in the riskiest sleeve during the lowest sentiment reads. Is the equity sleeve supposed to balance that asymmetry, or is the long-only crypto tilt deliberate?