Market Reacts to Limited Bitcoin ETF Access and Increasing Institutional Crypto Adoption

The market sees BlackRock's Bitcoin ETF futures debut in Moscow with the fund reaching top 25, but it's limited to accredited investors, leaving many retail traders unimpressed. Meanwhile, Zodia Custody, backed by Standard Chartered, is expanding its custody services by partnering with GEMx to secure tokenized emeralds. In a move reflecting the ongoing speculative trend, Pump.Fun aims to raise $1 billion through a token sale on the Solana blockchain. Semler Scientific has increased its Bitcoin holdings to 4,449 BTC after acquiring an additional 185 BTC for approximately $20 million at an average of $107,974 per Bitcoin. Additionally, Rails, a startup backed by Kraken, has launched a hybrid crypto exchange that combines centralized speed with on-chain transparency, raising $14 million. Lastly, in South Korea, a pro-crypto president, Lee Jae-myung, has been elected, promising economic revival and signaling potential growth in crypto-related financial products like spot ETFs.