By Lee Kyung-min
Participants of the cryptocurrency market are expected to realign investment interests around two top-traded digital assets, bitcoin and Ethereum, as illustrated by a growing number of global traditional financial service providers seeking to roll out virtual asset-related products.
Bitcoin, the most popular and widely traded digital coin, however, consumes an enormous amount of electricity, a reason why the second-in-class Ethereum is emerging rapidly as an alternative mostly for its low energy consumption and greater scalability.
Global investment bank JP Morgan is expected to release bitcoin fund products as early as this summer, the latest to join two other key industry players ― Morgan Stanley and Goldman Sachs, both of which launched bitcoin funds for high-net-worth customers.