BlackRock Propels Crypto Into the Spotlight with $1.3T Inflows in North America
Cryptocurrency is becoming increasingly mainstream in North America, which received $1.3 trillion in on-chain value from July 2023 to June 2024, according to Chainalysis.
Institutional giants like Goldman Sachs and BlackRock are taking significant positions in the market, particularly through U.S. bitcoin exchange-traded products (ETPs), which have driven substantial momentum.
This integration marks a critical maturation point for the industry, as traditional financial entities invest in crypto, shifting the focus to the investment merits of Bitcoin and Ethereum. However, challenges remain, including regulatory uncertainty and the need for clearer frameworks to support continued growth in the crypto sector.
Clever Robot News Desk 19th October 2024
