Rope-a-Dope

Jun 22, 2023 • 8 Min Read

A Week of Table-Turning Developments

ETF Summer

Over the last five years, there have been numerous calls for traditional financial institutions to enter the crypto industry. Once total crypto market cap surpassed the $1 trillion mark for the first time, the industry’s investors, developers, and followers began to discuss how crypto had transformed into an investable asset class and projected a significant influx of institutional investors.

Until recently, several signs suggested that institutions were showing interest, and by some measures, one could argue that they had already begun to penetra...

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