CandleFocus

Crypto Goes Mainstream: Blackrock Boosts North America's $1.3T Inflows

According to cryptocurrency analytics firm Chainalysis, North America is leading the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024. This represents 22.5% of global crypto activity and is driven by institutional momentum and the emergence of U.S. bitcoin exchange-traded products (ETPs). Established financial institutions like Goldman Sachs, Blackrock, and Fidelity are now taking substantial positions in the crypto space. The launch of spot bitcoin ETPs in 2024 has further fueled interest among both retail and institutional investors. However, regulatory uncertainty and the shift of stablecoin market share outside of North America pose challenges for the industry.

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