According to TechFlame, according to CoinDesk, a report released by J.P. Morgan Chase on Wednesday stated that institutional adoption of cryptocurrencies is still in its early stages, but the momentum is growing. According to the report, Bullish's August IPO and the passage of the GENIUS Act have heightened people's attention to the industry, and regulatory clarity has removed one of the biggest hurdles large investors face. The report mentioned that signs of participation are showing. The Chicago Mercantile Exchange (CME) reports that the number of open contracts on cryptocurrency derivatives by institutional investors has reached a record high, and institutions currently hold about a quarter of the Bitcoin ETP; while an EY survey showed that 85% of companies have allocated or plan to allocate digital assets in 2025, and use regulation as a key driver. The report also said that in terms of the stock market, Bullish has become a benchmark for institutional investors; since its IPO, the exchange's stock price has risen 45%, and its momentum will be even stronger if it obtains a BitLicense later this year. J.P. Morgan has rated Bullish stock as “neutral” and has a target price of $50. The stock rose slightly to $54.5 on Wednesday..