Crypto Enters Second Phase of Institutional Adoption, Binance Research Says

Binance Research suggests that despite a weak finish to 2025, digital asset markets are undergoing a structural shift toward institutional capital flows and long-term positioning, marking a "second round" of institutional adoption following the approval of US spot Bitcoin ETFs. This phase is characterized by deeper engagement from traditional finance, highlighted by Morgan Stanley's S-1 registrations for Bitcoin and Solana ETFs, positioning them as product originators rather than just distributors. The report suggests this move could prompt rivals like Goldman Sachs and J.P. Morgan to follow suit. Furthermore, macro factors, such as diversification away from concentrated exposure in large-cap technology stocks (like the Magnificent Seven), could create tailwinds for digital assets to gain a larger role in diversified portfolios in 2026. The report also noted that the risk of forced selling by digital asset treasury companies due to potential MSCI Index exclusion has eased.

(Source：Cointelegraph)