Managing a $1.75 trillion financial advisory team is no longer focused on BTC, but instead on more practical crypto application tracks

Recently, Bitwise Chief Investment Officer Matt Hougan released an analysis report revealing that traditional financial institutions’ focus on cryptocurrencies is undergoing a major shift.

The analysis points out that although the crypto market is still sluggish, after conversations with more than 40 financial advisory teams managing a combined total of over $1.75 trillion in assets, Matt Hougan found that even though these institutions remain optimistic about cryptocurrencies overall,

their attention has shifted from Bitcoin to blockchain application areas such as stablecoins, tokenization, and perpetual contracts. This shows that institutional funds value the practical deployment of crypto technology in real-world financial scenarios more than just the store-of-value function of digital assets.

The report also says that previously, crypto market recoveries were usually driven by new technologies and new investor groups, but the next recovery may depend more on the expansion of blockchain use cases and broader participation from financial advisors and institutional investors.

On specific projects, blockchain networks such as Ethereum, Solana, Chainlink, Avalanche, and Canton, as well as trading-related projects such as Hyperliquid, have all received particular focus from institutions.

Not only that, companies related to tokenization and stablecoin infrastructure—such as Figure, Circle, and Coinbase—have also become focal points for institutional investors.

Hougan emphasized that financial advisors’ understanding of the crypto industry is now more comprehensive and in-depth than it was a few years ago, and it is this improvement in institutional awareness that could be a key factor in driving the next bull market.

#加密市场 # Institutional fund movements