Austin Reid, FalconX’s Global Head of Revenue and Business, sat down with Frank Chaparro of The Block to discuss the surge in institutional crypto adoption driven by Bitcoin ETFs and changing market dynamics. Reid highlighted how the current bull market differs from previous cycles due to higher interest rates and reduced leverage, while emphasizing that Bitcoin ETFs are creating a significant supply-demand imbalance. Despite regulatory challenges, Reid expressed optimism about the crypto market's future as sophisticated institutional players continue entering the space.