Grayscale’s CEO said the crypto winter has already thawed, while much of the market remains too focused on short-term price swings. He pointed to a 2026 Ernst & Young survey showing that 73% of institutional investors plan to increase their digital asset allocations. He also noted that U.S. spot Bitcoin ETPs have posted net inflows for three straight weeks.
The executive, who previously spent 20 years at traditional financial institutions including BlackRock, argued that new asset classes are often questioned before they are fully understood and later absorbed into the financial system. In his view, two forces are driving the sector’s expansion: institutional demand and corporate blockchain adoption. He added that institutional capital is playing a larger role in asset pricing. Fortune was cited as the source of the remarks.
Grayscale’s CEO said the crypto winter has thawed, but the market is still paying too much attention to short-term price moves and not enough to longer-term trends.
He pointed to a 2026 Ernst & Young survey that found 73% of institutional investors plan to increase their digital asset allocations. He also said U.S. spot Bitcoin ETPs have recorded net inflows for three consecutive weeks.
The CEO previously spent 20 years at traditional financial institutions, including BlackRock. He said new asset classes are often questioned before they are understood, and only later become part of the broader financial system.
He described institutional demand and corporate blockchain adoption as the two main forces behind the sector’s expansion, adding that institutional capital is taking on a bigger role in asset pricing.
The remarks were cited by Fortune.
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