NEW YORK (AP) — Whether you love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged to nearly $2.5 trillion in total value, rivaling the size of G7 economies like Canada’s and Italy’s, with more than 200 million users. At that size, it’s simply too big for the financial establishment to ignore. Firms that cater to the world’s wealthiest families are increasingly putting some of their fortunes into crypto. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it. And in the latest milestone for the industry, an easy-to-trade fund tied to Bitcoin began trading on Tuesday.
As Bitcoin goes mainstream, Wall Street looks to cash in
