Institutional Shift from Bitcoin to Onchain Financial Infrastructure

Institutional adoption in the cryptocurrency sector is transitioning from Bitcoin access to onchain financial infrastructure, according to Galaxy Digital APAC COO John Cahill. According to NS3.AI, this shift is evidenced by over $1 billion flowing into spot Bitcoin ETFs within a single week in April. Cahill highlighted several indicators of this trend, including a stablecoin supply exceeding $300 billion and tokenized real-world assets approaching $30 billion. Additionally, Hong Kong's initiatives in tokenized bonds and licensing are further signs of this evolving landscape.