JPMorgan: The adoption of Crypto Assets by institutions is still in the early stages, but momentum is increasing.

PANews September 10 news, according to CoinDesk, a report released by JPMorgan on Wednesday states that institutional adoption of Crypto Assets is still in its early stages, but momentum is increasing. The report indicates that the IPO of Bullish in August and the passage of the GENIUS Act have intensified people's attention on the industry, and the clarity of regulations has removed one of the biggest obstacles faced by large investors. The report mentions that signs of participation are emerging, with the Chicago Mercantile Exchange (CME) reporting that the number of open contracts for institutional investors in Crypto Assets derivation has reached an all-time high, with institutions currently holding about a quarter of Bitcoin ETPs; while a survey by EY shows that 85% of companies have allocated or plan to allocate digital assets by 2025, with regulation being a key driver. The report also indicated that in the stock market, Bullish has become a benchmark for institutional investors; since its IPO, the exchange's stock price has risen by 45%, and if it obtains a BitLicense later this year, its growth momentum will be even stronger. JP Morgan rated Bullish stock as "neutral," with a target price of $50. The stock rose slightly to $54.50 on Wednesday.