Miami Beach, FL — “The market is the market… it’s not crypto and traditional anymore,” said Dave LaValle, President of CoinDesk Indices and Data, on a panel at Consensus Miami Tuesday, capturing a shift echoed across issuers and asset managers.

As traditional finance firms pour in, Douglas Yones of Direxion argued that institutional participation is “good for the industry,” bringing standardization and discipline to processes that were once fragmented.

That institutional layer is also unlocking global access. In regions where spot crypto remains restricted, particularly across parts of Asia, ETFs have emerged as the primary on-ramp.

“ETFs are a plug-and-play solution,” said Krista Lynch, SVP of ETF Capital Markets at…