21Shares Mid-Year Report: Bitcoin Target Price of $100,000 by Year-End, ETP AUM Reaches $140B

According to The Block, Zurich-based asset manager 21Shares released its mid-year 2026 crypto market report on June 24, reaffirming its year-end Bitcoin price target of $100,000. The report noted that Bitcoin’s current price of approximately $62,300 represents a roughly 50% decline from its all-time high of $126,000 in October 2025, yet its price action remains highly consistent with historical patterns following previous halvings. Moreover, the price has consistently remained above the $54,000 investor cost basis, indicating a maturing market structure. Global crypto ETP assets under management stand at approximately $140 billion, down about 15% year-to-date, with holdings of 1.25 million BTC—roughly 8% below peak levels. However, 21Shares attributes the decline primarily to price volatility rather than large-scale selling. Additionally, year-to-date trading volume on prediction markets has already reached $57.5 billion, with full-year volume projected to approach $100 billion. Total value locked (TVL) in DeFi remains steady at $140 billion, significantly below the $300 billion target, with security incidents cited as the primary constraint. Tokenized assets on public blockchains have reached $31 billion, with tokenized U.S. Treasuries accounting for $15 billion of that total.