Yes, crypto is ready for #WallStreet

There’s definitely been an increased interest from Wall Street firms in #cryptocurrency .

Grayscale’s recent victory over the US Securities and Exchange Commission and the ongoing conversation around a spot bitcoin #ETF by BlackRock have triggered a significant shift in market sentiment within the cryptocurrency space. Several companies, including Valkyrie, Bitwise, WisdomTree and Invesco, have swiftly followed suit and filed for their own ETFs. 

Traditional financial players have also been making notable strides in the crypto arena. Deutsche Bank, a $1.4 trillion asset manager, has applied for a license to offer crypto custody services, while EDX Markets, a new crypto exchange backed by Citadel, Fidelity and Charles Schwab, recently launched. PayPal continued its involvement in the space by also launching its own stablecoin project.

However, many are wondering if #crypto is ready to retain the massive inflow of institutional capital.

It certainly is.