60% of top US banks build Bitcoin products as adoption accelerates

Sixty percent of top U.S. banks are now building Bitcoin products, reflecting a significant shift in institutional adoption of cryptocurrency. This trend is further echoed by the fact that 90% of Barron’s top 50 registered investment advisor (RIA) firms and 52% of the top 25 hedge funds also have some level of Bitcoin allocation, indicating a widespread recognition of Bitcoin’s potential as a diversifying asset. This rapid acceleration in the adoption timeline is primarily driven by increasing client demand for Bitcoin custody and trading solutions from banks.

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