The spot bitcoin market is experiencing significant activity, with Monday recording the second-highest volume day for the ten issuers.

This level of activity stands out, even when compared to the stock market, where only five other stocks saw higher trading volumes, according to Eric Balchunas of Bloomberg. Although it might sound cliché, the evidence suggests that we are still in the early stages of this development, especially considering the pace at which Wall Street operates.

Mike Belshe of BitGo, who appeared on The Scoop this week, mentioned that he believes a substantial portion of the capital flowing into these funds comes from retail investors, based on the sizes of most transactions. As we have previously noted in this column, it will take some time for large financial …