• JPMorgan believes institutional adoption of cryptocurrencies is still in its early stages, citing regulatory clarity from the GENIUS Act and positive crypto-related IPOs as catalysts.
• Institutions currently hold approximately 25% of Bitcoin ETPs, with Ethereum and Solana also gaining favor, and the Chicago Mercantile Exchange has reported record institutional open interest in crypto derivatives.
• JPMorgan analysts anticipate further integration of stablecoins into traditional finance and increased tokenization of real-world assets, reflecting a shift in the bank's stance on crypto. Show Less
