Financial institutions are giving us mixed signals,in my opinion.
For example, the state of Ohio recently allowed companies to pay their corporate taxes with Bitcoin.
At the same time the SEC chairman stated that the lack investor protection hinders the approval of Bitcoin exchange-traded funds (ETFs) and that the main concerm remains the fact that cryptocurrencies can still be too easily stolen or manipulated on the so called crypto exchanges. The remarks were made at the Consensus Invest Conference in Manhattan, New York. He added that the problem has to be resolved before SEC would make any move to allow the first Bitcoin ETFs.
So, we’ll have to wait and see, I guess.