Institutional Demand Expands Beyond Retail in Crypto Market

This week's Crypto Biz roundup highlights a shift in institutional demand within the cryptocurrency market. According to NS3.AI, U.S. spot Bitcoin ETFs have attracted nearly $1 billion in inflows, indicating a growing interest beyond retail investors. Additionally, the roundup covers Kalshi's institutional block trade, a16z crypto's successful $2 billion fundraising, and the Tennessee Bankers Association's Stablecore agreement involving approximately 175 banks.