Hero's Image

Market Pulse Q2 - 2025

Guides - Rapports

Market Pulse Q2 - 2025

Ecosystem developments impacting crypto’s investment case

 

Key Takeaways


Following a first quarter that was challenging for crypto and other risk assets, several factors converged in the second quarter of 2025 to help drive positive price momentum.

 

Regulatory Advancements: The US Senate approved legislation (GENIUS Act) to create a regulatory framework for stablecoins, the first major piece of crypto legislation in the US. Progress has been made on broader market structure legislation, but complexity and partisanship may still slow its progress.

 

Institutional Adoption: The unprecedented success of the Circle initial public offer (IPO) and the acceleration of public companies incorporating bitcoin into their businesses were the two most notable developments during the quarter. Both suggest more institutional interest in crypto and demand for digital assets going forward.

 

Ecosystem Developments: Bitcoin spot exchange traded funds (ETFs) in the US continued to see high demand, as corporate adoption helped push bitcoin (BTC) to three consecutive double-digit monthly returns. Ethereum’s strengthening narrative as the foundational layer for tokenization and DeFi is gaining traction, supported by improved on-chain activity and anticipation of stablecoin growth.

Logo Hashdex
Les informations contenues sur ce site web sont uniquement à des fins d'information et Hashdex, ainsi que ses filiales, ne sollicitent aucune action fondée sur de telles informations. Les informations ne doivent pas être interprétées comme des conseils en matière d'investissement, ni comme une recommandation, une offre ou une sollicitation d'achat ou de vente de tout instrument financier ou produit, ou d'adoption de toute stratégie d'investissement. De plus, les informations contenues sur ce site web ne constituent pas une déclaration que les instruments financiers qui y sont décrits sont adaptés ou appropriés pour toute personne. Les performances passées ne sont pas une indication de performances futures. Ce site web peut contenir de la publicité pour des produits financiers.