Axios · OpenAI · Anthropic · Bitcoin Magazine
Traditional Finance is Rushing Into Crypto as Institutions Buy Bitcoin’s Dip: Axios
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TradFi institutions are shedding their skepticism toward crypto, and the shift is accelerating in 2026.
Key facts
- Abu Dhabi’s sovereign wealth fund, Mubadala, increased its exposure to BlackRock’s Bitcoin ETF for a fourth consecutive quarter, while Bitcoin ETFs collectively still hold roughly $100 billion
- David Ripley, co-CEO of crypto exchange Kraken, told Axios that “nearly all traditional financial services companies are gonna offer crypto, bitcoin, ethereum to their customers”, a development he
- TradFi institutions are shedding their skepticism toward crypto, and the shift is accelerating in 2026
- Traditional financial institutions are shedding their skepticism toward crypto, and the shift is accelerating in 2026
Summary
Banks, brokerages, and exchanges are racing to offer crypto products as demand from retail investors, institutions, and wealthy clients reaches a tipping point. David Ripley, co-CEO of crypto exchange Kraken, told Axios that “nearly all traditional financial services companies are gonna offer crypto, bitcoin, ethereum to their customers”, a development he called “a big story of 2026.” The turning point reflects a broader collision of mega-trends reshaping financial markets.