Crypto’s wealthy investors and industry leaders see IPO hype waning in 2026

According to the latest CfC St. Moritz report, confidence among wealthy crypto investors and industry leaders regarding Initial Public Offerings (IPOs) is decreasing, despite expectations for some activity in 2026. The waning hype is attributed to markets still being viewed as too small for the growing interest from Traditional Finance (TradFi) firms. Following a record 2025 with 11 crypto IPOs raising $14.6 billion, sentiment now points toward reduced IPO intensity and increased consolidation risk, with liquidity shortages cited as the primary threat. Furthermore, 107 of 242 respondents believe TradFi is taking over crypto, a significant year-over-year increase. However, attendees noted positive developments in U.S. and UAE crypto regulation, with the U.S. jumping to second place in regulatory favorability, while the UAE remains the top jurisdiction. The CEO of CfC St. Moritz stated that these responses reflect a shift in industry priorities toward infrastructure, liquidity, and regulatory credibility.

(Source：CoinDesk)