Grayscale CEO Peter Mintzberg said Bitcoin rose about 20% last week and posted its strongest three-day stretch since 2023, a sign that the multi-month "crypto winter" is starting to fade. Still, he said the market remains too focused on short-term price rebounds and sell-offs, while the longer-term story deserves more attention: digital assets are moving deeper into mainstream finance.
Mintzberg pointed to several data points. In 2025, he said, daily flows into and out of Bitcoin ETPs frequently exceeded $500 million, roughly 12 times the value of newly mined Bitcoin produced each day. He also noted that U.S. spot Bitcoin ETPs had recorded eight straight weeks of net outflows earlier this year, but had returned to net inflows for three consecutive weeks as of late July. Separately, an EY survey of more than 350 institutional investors found that 73% of respondents plan to increase their digital asset allocations. The remarks were reported by Fortune.
Grayscale CEO Peter Mintzberg said Bitcoin climbed about 20% last week and logged its strongest three-day run since 2023, signaling that the multi-month "crypto winter" is fading.
Even so, Mintzberg said the market is still paying too much attention to short-term price rebounds and sell-offs. In his view, the more important development is the longer-term move of digital assets into mainstream finance.
Flow data and institutional allocation trends
Mintzberg said that in 2025, daily Bitcoin ETP flows frequently topped $500 million, or about 12 times the value of newly issued Bitcoin from miners each day.
He also said that although U.S. spot Bitcoin ETPs posted net outflows for eight consecutive weeks earlier this year, they had returned to net inflows for three straight weeks as of late July.
Separately, an EY survey covering more than 350 institutional investors found that 73% of respondents plan to increase their allocations to digital assets.
The comments were reported by Fortune.
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