JPMorgan Chase reports that institutional adoption of cryptocurrencies is gaining momentum, despite being in its early stages. The report highlights Bullish's IPO and the GENIUS Act as catalysts for increased industry attention, with regulatory clarity removing significant barriers for large investors. The Chicago Mercantile Exchange (CME) noted record-high open interest in cryptocurrency derivatives from institutional investors, who now hold about a quarter of Bitcoin ETPs. An EY survey indicates that 85% of companies have allocated or plan to allocate digital assets by 2025, driven by regulatory developments. Bullish has emerged as a benchmark for institutional investors, with its stock price rising 45% since its IPO. JPMorgan maintains a "neutral" rating on Bullish stock with a $50 price target, as the stock traded at $54.50 on Wednesday. The report suggests that Bullish's momentum could increase further if it secures a BitLicense later this year.