Is Crypto Losing Its Appeal for Institutional Investors?

Institutional investors have lost interest in cryptocurrencies since 2022, despite this year's uptrend, and have shifted their focus to blockchain technology, according to Justin Chapman, head of digital assets and financial markets at Northern Trust. Chapman said his firm has capabilities in place should client interest in crypto assets rebound, but for now, the market is quiet. Northern Trust partnered with Standard Chartered in 2020 to launch Zodia, a crypto custodian for institutional investors. Bitcoin has gained almost 75% this year after losing 64% in 2022.