A report released by JPMorgan Chase on Wednesday said that institutional adoption of cryptocurrencies is still in its early stages, but momentum is building. Signs of participation are emerging, with the Chicago Mercantile Exchange (CME) reporting that institutional investors' open interest in cryptocurrency derivatives has hit a record high, with institutions currently holding about a quarter of Bitcoin ETPs; and an Ernst & Young survey showing that 85% of companies have already allocated digital assets or plan to allocate them by 2025, citing regulation as a key driver. In addition, Bullish's IPO in August and the passage of the GENIUS Act have intensified attention on the industry, with regulatory clarity removing one of the biggest obstacles facing large investors. (CoinDesk)