Market infrastructure is also maturing, with the two largest crypto-assets, bitcoin and ether, now having regulated futures products trading on the Chicago Mercantile Exchange (CME). The likelihood of a spot ETF tracking the spot price of bitcoin garnering approval in the U.S. is increasing, potentially opening doors to a wider range of investors by making crypto more accessible through traditional brokerage accounts, 401(k)s, and IRAs. Institutional OTC marketplaces, exchanges, clearinghouses, and custodians backed by traditional financial institutions are coming to market as well. These developments add a layer of credibility and reliability to the crypto ecosystem. In short, these and many other developments are providing institutions with the tools they will need to allocate capital and manage risk effectively.