Institutions Expand Crypto Services Amid Bitcoin Slump
Institutional crypto adoption continues despite Bitcoin’s price slump. Corporations now control 14% of BTC supply, raising debates over centralization. SoFi has launched crypto trading for US retail clients under updated OCC guidelines. Singapore Exchange (SGX) will introduce Bitcoin and Ether perpetual futures for accredited investors, regulated by MAS. The IRS has approved staking by digital asset ETPs, allowing trusts to earn and distribute staking rewards with simplified tax reporting. Hong Kong issued its third blockchain bond tranche worth HK$10 billion, attracting global institutional investors. These developments signal increasing institutional commitment to blockchain technologies and diversified crypto products amid current market correction.
Bullish
The news highlights sustained institutional crypto adoption despite a Bitcoin downturn, which typically underpins long-term market confidence. Corporate holdings hitting 14% of BTC supply and the launch of new products—SoFi trading, SGX perpetual futures, IRS-approved staking ETPs, and Hong Kong blockchain bonds—mirror past institutional milestones like the 2020 Bitcoin ETF approvals that preceded bullish cycles. In the short term, these developments may not reverse the current price correction, but they strengthen market infrastructure and signal robust capital inflows. Over the long term, deeper institutional engagement and diversified crypto offerings are likely to support higher liquidity, reduced volatility, and renewed upward momentum.