[Significant Increase in Mentions of Blockchain in SEC Filings in 2025]
Throughout 2025, mentions of blockchain in filings with the U.S. Securities and Exchange Commission (SEC) increased significantly, reaching approximately 8,000 times by August and maintaining this level through November. Bitcoin-related content accounted for the largest proportion in these filings, with the concentration trend linked to the increase in filings and amendments following the launch of multiple spot Bitcoin ETFs in early 2024. In 2025, traditional asset management institutions continued to expand their cryptocurrency-related product lines.