In recent months, there has been a significant surge in institutional interest in digital assets and blockchain technology, surprising many observers. This interest comes on the heels of a tumultuous period for the crypto market, marked by the FTX bankruptcy in November 2022, which had cast doubt on the future of digital assets and Web3 technology.
However, a remarkable turnaround has taken place, with bitcoin prices soaring to new heights following the U.S. Securities and Exchange Commission's approval of bitcoin ETFs in January. Notably, Blackrock's bitcoin ETF quickly became the fastest-growing ETF in history, reaching $10 billion in funds under management in less than two months.
