Institutional Crypto Adoption Still Early, But Gaining Momentum: JPMorgan
Institutional investment in digital assets remains in its early stages, yet momentum is picking up, according to a Wednesday report from JPMorgan.
Institutions now hold roughly 25% of bitcoin ETPs, and an EY survey shows 85% of firms already allocate to crypto or plan to in 2025, with regulatory clarity driving much of the interest.
The report points to Bullish’s (BLSH) August IPO and the passage of the GENIUS Act as key catalysts, removing barriers that previously deterred large-scale adoption.
Activity is rising across markets: the CME recorded record institutional open interest in crypto derivatives, while Ether (ETH) and Solana (SOL) remain top choices for institutional exposure. ETH has climbed nearly 20% and SOL 17% since the GENIUS Act.
Bullish shares have surged 45% since its IPO, and the platform could gain further traction if it secures a BitLicense later this year. JPMorgan maintains a neutral rating with a $50 target, while shares traded at $54.50 on Wednesday.
