FameEX Hot Topics | Crypto Goes Mainstream: BlackRock Drives $1.3T Inflows Across North America

Cryptocurrency is becoming increasingly mainstream, with North America leading the global crypto market. According to a report from Chainalysis, the region received $1.3 trillion in onchain value between July 2023 and June 2024, representing 22.5% of global crypto activity. This growth has been largely driven by institutional players and the success of Bitcoin exchange-traded products (ETPs) in the U.S.

Chainalysis highlighted that North America's dominance in the crypto market is fueled by strong institutional momentum. Established financial firms like Goldman Sachs, Fidelity, and BlackRock are now taking significant positions in the crypto sector. This involvement by legacy financial entities marks a critical turning point for the industry, reflecting how cryptocurrency is gradually integrating into the mainstream financial ecosystem.

The launch of spot bitcoin ETPs in 2024 played a key role in driving this trend. These products have attracted interest from both retail and institutional investors, boosting market momentum. Kevin Tang from BlackRock pointed out that ETPs have shifted the focus to the investment merits of cryptocurrencies like Bitcoin and Ethereum, highlighting a growing convergence between traditional finance and digital assets.

Chainalysis also emphasized that institutional giants like BlackRock are no longer merely experimenting with cryptocurrencies; they are now fully invested. This indicates that digital assets have moved from being a niche interest to becoming a central topic in mainstream financial discussions. However, the report warns that challenges still lie ahead for the industry, particularly in terms of regulatory clarity.

Despite the growing integration, regulatory uncertainty in the U.S. and Canada remains a concern. Additionally, the shift of stablecoin market share away from North America underscores the need for balanced innovation, clear regulations, and sustained institutional support. These factors are essential to ensure the continued growth and long-term stability of the global cryptocurrency market.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.