Reported about 2 months ago
Institutional demand for cryptocurrency skyrocketed in the second quarter of 2024, with significant investments from major Wall Street firms like Goldman Sachs, which reported $418 million in crypto exposure. This includes substantial shares in BlackRock's iShares Bitcoin Trust, reflecting the growing mainstream adoption of crypto amid an election year. The popularity of bitcoin ETFs has also seen notable investment inflows, suggesting a strong interest from financial institutions despite economic uncertainties.
Source: YAHOO