Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices.
SEBA Bank exec Nasha Afshar believes that the question of institutions getting into crypto has shifted from "if" to "when," indicating growing confidence in the industry.
The Galaxy Digital CEO said there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets.
“We’re seeing another wave of Bitcoin interest, largely driven by business and institutional adoption,” says Alex Leishman, River CEO. “It’s not fueled by hype.”
BTC price continues to show bullish momentum, but the absence of whale buyers and institutional investor selling threatens to weaken the current rally.
The seventh edition of JPMorgan's e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, among other topics.