That may happen. But last week showed that right now, institutions are choosing selectively.
Grayscale dropped plans for ETFs tied to Cardano, Polkadot and Hedera. None of the proposed products became effective, and no securities were sold.
Tokenization also got a reality check. Securitize shares fell 20% after its first earnings report as a public company missed expectations. Tokenized assets hit a record, and trading activity jumped. Revenue, however, fell short.
That is a useful snapshot of institutional crypto in 2026: Enthusiasm can be genuine without every product, token or business model being a winner. Wall Street isn’t simply “adopting crypto.” It is paying for stablecoin infrastructure, expanding certain ETF strategies and demanding that the businesses behind blockchain’s biggest narratives eventually produce revenue.
4. Tech and security: Coldcard shook self-custody. Bitcoin’s rebellion lasted two blocks.
The most…
