Crypto AdoptionCryptocurrencyCryptocurrency RegulationETF (Exchange Traded Fund)News

Institutional Investors are Moving Fast into Crypto

The institutional adoption of crypto assets is improving at a fast rate. It is growing at a faster rate than most relatively new industries grow. This is according to the view of the Senior Advisor at Coinbase, John D’Agostino.

Evidence of Longevity

D’Agostino equally believes the ongoing tussle between the US CFTC and SEC favors crypto. It proves it will be an important aspect of the market in the days ahead.

John D’Agostino spoke at a SALT interview conducted by Anthony Scaramucci on the 18th of October. He said new classes of assets usually take time before they develop. This is because of what he called institutional inertia.

D’Agostino also said that many switching costs are connected with getting new assets. However, it has not been the case with crypto assets.

For D’Agostino, therefore, things are actually moving fast. That is from the perspective of someone who worked for fifteen years in an attempt to make commodities mainstream. 

He also said he understands why someone could think that things are glacial in the heat of the moment. However, from the perspective of institutions, D’Agostino believes things are moving very fast.

📰 Also read:  Bitcoin Open Interest Reaches Record $63.32 Billion as Price Approaches $100K

On what might have slowed down the pace of institutional adoption, D’Agostino also shared his view. He said regulators in the US have displayed complacency. It has now gotten to the stage where it poses harm to the growth of crypto technology.

There Will Be an ETF

But somehow, D’Agostino considers the regulatory bifurcation between the US CFTC and SEC to be good. He simply said people don’t fight over what is going away.

Crypto is engaged as a bargaining tool by the leaders of regulatory agencies. Announcements are also going out to state a position on which regulator will control what. All these indicate that crypto is an important aspect of the market structure.

D’Agostino also firmly believes that a crypto exchange-traded fund will be approved eventually. This is despite the fact that the SEC has been rejecting several proposals. 

He thinks there will be a change around that. Notwithstanding the delays, it is inevitable to have an EFT, he said. He could not tell when it will happen but it is going to happen at some point.

The co-founder and CEO of Coinhako, Yusho Liu, spoke with Cointelegraph recently. He said it is expected that institutions will have increasing interests in crypto as it matures.

📰 Also read:  'X Empire' Game to Conduct Its Airdrop This Week: Here is Everything You Need to Know

He clarified that inflows from institutions will keep growing. It will also be an important driver for crypto adoption and innovations in the future.    


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Bitcoin Open Interest Reaches Record $63.32 Billion as Price Approaches $100K

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content