Bitwise

Large financial institutions are increasingly approving and distributing crypto products, marking a clear shift in the relationship between traditional finance and digital assets. Market participants say the buildout is turning custody, tokenization and regulated trading into core infrastructure rather than a side experiment.

Bitwise Head of Research Ryan Rasmussen says investors may be underestimating Circle as stablecoins expand from roughly $300 billion toward a multi-trillion-dollar market. He argues Circle’s long-term opportunity could extend beyond reserve revenue into payments infrastructure, including its Arc blockchain.

Bitwise Chief Investment Officer Matt Hougan says bitcoin could draw trillions of dollars from major institutions over the next decade. His long-term case argues that even a 1% allocation from the world’s largest capital pools could help support a $1.3 million bitcoin price by 2035.

Bitwise argues that STRC’s sharp drop looks like a late-cycle deleveraging event rather than a warning of imminent liquidation at Strategy. The firm says the next major wave of Bitcoin demand may come from institutional buyers, not Strategy itself.

Ethereum Institutional has secured support from across the Ethereum ecosystem, including commentary from Standard Chartered Bank and several prominent industry firms. Backers say the initiative could speed institutional adoption and reinforce Ethereum’s role in tokenized assets and financial infrastructure.