Crypto Adoption by Institutions Gaining Steam, Says JPMorgan
Institutional interest in digital assets remains early but is showing clear signs of growth, according to a Wednesday report from JPMorgan.
Institutions hold roughly 25% of bitcoin ETPs, while an EY survey finds 85% of firms either already allocate to crypto or plan to in 2025, citing regulatory clarity as a major factor.
The report highlights Bullish’s (BLSH) August IPO and the GENIUS Act as key drivers, removing longstanding barriers to large-scale investment.
Activity is building across markets: the CME recorded record institutional open interest in crypto derivatives, and Ether (ETH) and Solana (SOL) remain the leading vehicles for institutional exposure, up 20% and 17% respectively since the GENIUS Act.
Bullish shares have surged 45% since IPO, and the platform could see further gains if it secures a BitLicense later this year. JPMorgan maintains a neutral rating with a $50 target; shares traded at $54.50 on Wednesday.
