Wall Street is knocking; please open the door.

Although #cryptocurrency prides itself on being a pretty exclusive club, allowing traditional finance to join could hasten adoption.

In the same way that the #SEC's actions against the exchanges #Binance and #Coinbase threw a shadow over the cryptocurrency business, #BlackRock's news that it will apply for a bitcoin ETF gave investors hope for the closely watched sector.

The establishment of a new digital asset marketplace called EDX Markets was announced last week by Charles Schwab and Citadel, following in the footsteps of the largest asset manager in the world, Fidelity. Together, these disclosures were sufficient to cause a spike in the price of bitcoin, which reached a new high for June as a result of the market's response to institutional adoption.