MZH Zee

08/05 08:08

Wall Street is finally here in force. Spot Bitcoi

Wall Street is finally here in force. Spot Bitcoin ETFs gave big money managers a safe, government-approved bridge into crypto, and they’re walking across it. The next logical step is for similar funds to pop up for coins like Ethereum and Solana. Ark Invest’s Cathie Wood did the math – If institutions put just 6.5% of their portfolios into Bitcoin, the price would explode. Those ETFs alone could soon hold a huge chunk of all Bitcoin in existence.

It’s not just funds, either. Companies are starting to hold Bitcoin on their balance sheets to fight inflation. MicroStrategy and Metaplanet are the best examples. And, it’s not just Bitcoin. In fact, of late, ETH has emerged as a popular instrument for company’s treasury reserves too.

Now, the real giants—pension funds—are slowly testing the waters, and their entry could mean trillions in new cash. This isn’t just about making prices go up. Instead, it’s about bringing in serious players who might finally calm the market’s infamous mood swings.

Thanks to the same, the cumulative crypto market cap has surged. Consider this – In the last 2 years alone, the market has seen its value climb by 278%. Since Bitcoin’s halving in April 2024, figures for the same have risen by 79%.

At the time of writing, the total crypto market cap was valued at $3.8 trillion.

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