Data Shows Institutional Interest in Bitcoin Has Diminished

Last spring and the beginning of summer 2019 saw digital asset markets spike considerably in value, and many speculators assumed the rise was due to institutional investors. However, BTC and a variety of other popular digital asset prices started plummeting in August. Reports now detail that institutional interest is waning and new data that analyzed the collaboration between institutions and cryptocurrency headlines has dropped significantly. Moreover, the highly anticipated Bakkt futures launch didn’t match the initial hype. The Intercontinental Exchange (ICE) physically-settled bitcoin futures products continue to see low volumes despite the first block trade settled.

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