Crypto’s Fancy Dance: JPMorgan Says It’s Still the First Waltz! 💃🕺

by

Markets

What ho, old sport! Here’s the lowdown:

  • JPMorgan, those clever chaps, reckon the GENIUS Act and Bullish’s IPO have given crypto the sort of boost one gets from a particularly stiff brandy. 🥃
  • Institutions, it seems, are clutching onto 25% of bitcoin ETPs like a chap holding onto his top hat in a gale. 🎩
  • Ether and Solana are the bees’ knees for this lark, say the bank’s eggheads, while Bullish (BLSH) is the darling of the equity ball, waltzing up 45% post-IPO. 🌟

In this spiffing article


SUISUI$3.5998◢4.86%

By Jove, institutional adoption of crypto is still in its infancy, but it’s toddling along with the determination of a chap who’s just spotted the last sandwich at tea. 🥪 According to a Wednesday report from those Wall Street wizards at JPMorgan, the momentum is building faster than a gossip at a garden party.

Bullish’s (BLSH) August IPO and the passage of the GENIUS Act have put the sector in the spotlight like a debutante at her first ball. Regulatory clarity, it seems, has removed the biggest hurdle for large investors, much like a well-timed apology smooths over a social gaffe. 🕺 Analysts led by Kenneth Worthington have penned this gem, and Bullish, mind you, is the parent company of CoinDesk.

Signs of engagement are popping up like mushrooms after a rain. The Chicago Mercantile Exchange reported record institutional open interest in crypto derivatives, institutions are clutching a quarter of bitcoin ETPs, and an EY survey reveals that 85% of firms are either already in the digital asset game or planning to join in 2025, citing regulation as the key driver. 📈

Ether (ETH) and Solana remain the stars of this show, much like the dashing leading man and the witty ingénue in a Broadway musical. Ether, the backbone of most stablecoin activity, has rallied nearly 20% since GENIUS passed, while SOL is up 17%, proving that even in crypto, timing is everything. ⏱️

In equities, Bullish has become the institutional darling, climbing 45% since its IPO. The exchange could gain even more traction if it secures a BitLicense later this year, much like a chap who finally gets invited to the right parties. 🎟️

JPMorgan, ever the cautious type, has a neutral rating on Bullish shares with a $50 price target. The stock, however, was modestly higher on Wednesday at $54.50, proving that sometimes the market has a mind of its own, much like Aunt Agatha after a few sherry trifles. 🍰

Read More

2025-09-10 20:36