If the ICO boom was the buzz around town in 2017, and the bear market was prominent in 2018, institutional investment in the crypto industry is definitely the theme for 2019.
I have the attention span of a chipmunk, so I didn't read the whole article here but the above quote pretty much summarizes everything I skimmed through.
Those big institutional investors are nice and all, but they aren't actually buying cryptocurrencies as far as I know. They have way too much money to actually buy bitcoin itself, so they have to bet on its price through options/futures on exchanges like Bakkt. I don't think they're actually helping bitcoin's price, its adoption, or its popularity. They just think of places like Bakkt as a big casino and while they'll make money for sure, I don't think they're benefiting crypto as a whole.
Everyone was waiting for the opening of BAKKT and other gateways for the institutional. But when the discoveries took place, nothing happened.
Yeah, I remember that as well. Lots of hype around Bakkt's launch and there were quite a few threads with members speculating what the impact would be--and the first thing bitcoin did after it happened was to drop in value. Quite a bit if I remember correctly. And I don't even think Bakkt had anything to do with that, although there could have been some market manipulation happening.
Ultimately I'm not sure if these institutional investors are as important to crypto as this article would suggest.