The biggest story in crypto this year has been the approval of spot Bitcoin exchange-traded funds, which entered the market in January and have been a wild success. Almost a year in, these products have helped propel the once-fringe crypto industry into the mainstream and expanded global adoption, a new report from blockchain data analysis firm Chainalysis says.
The arrival of traditional financial institutions has transformed the industry and solidified the United States as a dominant force. “It's just fundamentally changed the scene in the North American setting, but with global ramifications,” Eric Jardine, Chainalysis’ cyber crimes research lead, told Fortune.
