A new research report indicates a significant uptick in the mainstream adoption of digital assets, driven by recent regulatory advancements and strategic industry moves.
What Happened: This shift towards mainstream acceptance is anticipated to benefit key players like Galaxy Digital Holdings (OTC:BRPHF), according to Canaccord Genuity.
According to the research firm, the approval of eight 19b-4 filings by the SEC in May to launch Ethereum (CRYPTO: ETH) ETFs marks a pivotal step.
“This SEC move would not have been done if we weren’t on the path to ETH ETFs approvals,” the report notes, highlighting the growing institutional acceptance of cryptocurrency assets that is coming “slow and steady.”
This regulatory nod is seen as a precursor to further approvals, setting the stage for increased adoption.
Galaxy Digital Holdings is well-positioned to capitalize on this trend, thanks to its strategic partnerships with leading financial service providers such as Invesco, DWS, Itau and CI.
The company is expected to garner significant assets ...