11-9-2025 – Institutional adoption of cryptocurrencies is gaining traction, fueled by the recent Bullish IPO and the U.S. GENIUS Act, according to a JPMorgan report released this week. The report, first cited by CoinDesk, underscores that regulatory clarity from the GENIUS Act, signed in July 2025, has dismantled key barriers for large investors, enabling greater participation in digital assets.
The Chicago Mercantile Exchange (CME) reported record-high open interest in crypto derivatives among institutions, with a quarter of Bitcoin exchange-traded products (ETPs) now held by institutional investors. An Ernst & Young survey further supports this trend, revealing that 85% of companies have either allocated to digital assets or plan to by year-end, driven by clearer regulations.
Bullish, a crypto exchange that went public in August, has seen its stock price climb 45% to $54.50 as of Wednesday, outperforming JPMorgan’s neutral rating and $50 target price. The exchange’s focus on institutional trading and its potential to secure a New York BitLicense by late 2025 position it as a key player in the evolving crypto landscape. This growth reflects broader market confidence in regulated crypto platforms amid rising stablecoin and DeFi activity.
