Summary
- JPMorgan said in its latest report that institutional adoption of crypto assets is gaining clear momentum.
- It said Bullish(Bullish)'s IPO, the passage of the Genius Act, and institutional crypto asset derivatives open interest at the Chicago Mercantile Exchange (CME) reached an all-time high.
- Institutions hold about one-quarter of Bitcoin exchange-traded funds (ETFs), and it said about 85%% of companies had already invested in crypto assets or planned to invest by 2025.
Global investment bank (IB) JPMorgan said in its latest report that institutional adoption of crypto assets (cryptocurrencies) is still in its early stages but is gaining clear momentum.
On the 10th (local time), according to crypto asset-focused media CoinDesk, the report said "Institutional interest has increased due to Bullish(Bullish)'s IPO and the passage of the stablecoin regulatory bill 'Genius Act (GENIUS Act)'" and "in particular, the fact that institutional open interest in crypto asset derivatives at the Chicago Mercantile Exchange (CME) reached an all-time high is representative," it reported.
It added, "Institutions hold about one-quarter of Bitcoin (BTC) exchange-traded funds (ETFs), and an EY survey also found that about 85% of companies had already invested in crypto assets or plan to invest by 2025."
JH Kim
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