#NPFCryptoImpact

From Skeptics to Believers: Wall Street's Crypto Evolution

The landscape of institutional crypto trading transformed dramatically throughout 2024, culminating in Bitcoin's breakthrough above $100,000 in December. This milestone coincided with the successful launch of Bitcoin and Ethereum ETFs, which proved transformative for the market structure. Notably, U.S. $BTC ETF inflows surpassed those of gold ETFs, marking what Finery Markets describes as "the most successful exchange-traded product launch in history."

Traditional financial institutions demonstrated a significant shift in their approach to digital assets, moving from skepticism to acceptance. The fourth quarter particularly highlighted this transformation, as post-election sentiment drove remarkable growth across all major cryptocurrencies. Bitcoin trading expanded by 80% year-over-year, while Ethereum volumes surged by 187%, and stablecoin activity grew by an impressive 191%.