Arthur Hayes, CIO of Maelstrom, highlighted the difficulties Wall Street faces in accessing leading cryptocurrency projects, despite growing institutional interest. Speaking at an event in Singapore, Hayes pointed out that many fund managers are not technically equipped to handle blockchain technology and are susceptible to phishing attacks. In contrast, firms such as BlackRock and Galaxy Digital are expanding their crypto involvement through tokenized funds and blockchain-based stock offerings. Additionally, the SEC is facilitating easier entry for traditional financial firms into the crypto market, potentially broadening institutional participation.