JPMorgan reports initial stages of crypto institutional adoption

The Chicago Mercantile Exchange reported record open interest in crypto derivatives, highlighting rising engagement. By 2025, 85% of firms intend to invest in digital assets, spurred by positive regulations. Key assets in this trend include Ether (ETH) and Solana (SOL), both experiencing notable price increases.

Bullish shares surged 45% since their IPO, with a neutral rating from JPMorgan and a target price of 50 USD. The stock is currently trading at 54.50 USD.

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