Binance CEO Richard Teng emphasized the role of institutional investors and evolving regulations in making crypto an essential part of the financial system.
Richard Teng, the CEO of crypto exchange Binance, highlighted the importance of institutional investors and evolving regulations for the wider adoption of cryptocurrencies.
The spot Bitcoin (BTC) exchange-traded funds (ETFs) market in the US raked in $44.2 billion in its first year of operations since Jan. 10, 2024. In January 2025 alone, the Bitcoin ETF market recorded nearly $5 billion worth of inflows.
The staggering monthly inflows — despite high BTC market prices — also led Bitwise investment chief Matt Hougan to predict that the spot Bitcoin ETF market in the US could see inflows of over $50 billion by the end of 2025.
