Grayscale CEO: Crypto Winter Easing, Long-Term Mainstream Adoption More Important

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$77,340.900.09%
AI summary iconSummary
Grayscale CEO Peter Mintzberg said the crypto market is showing signs of recovery, with Bitcoin surging 20% in three days—the strongest rally since 2023. He emphasized that while crypto price swings still draw too much attention, the long-term trend of digital assets entering mainstream finance is more important. Bitcoin ETP daily flows often exceed $500 million, 12 times the value of newly mined Bitcoin. Despite outflows in 2025, ETPs saw three weeks of net inflows by late July. An Ernst & Young survey found 73% of institutional investors plan to increase their digital asset allocations.

Odaily Planet Daily reports that Grayscale CEO Peter Mintzberg said Bitcoin rose approximately 20% last week, posting its strongest three-day gain since 2023, indicating that the months-long "crypto winter" is fading. However, the market remains overly focused on short-term price rebounds or sell-offs, whereas the long-term trend of digital assets entering mainstream finance deserves greater attention.

Mintzberg noted that in 2025, daily fund flows for Bitcoin ETPs frequently exceeded $500 million, approximately 12 times the daily value of newly mined Bitcoin. Although U.S. spot Bitcoin ETPs experienced eight consecutive weeks of net outflows earlier this year, they have now resumed three consecutive weeks of net inflows as of late July.

Additionally, a PwC survey of over 350 institutional investors found that 73% of respondents plan to increase their allocation to digital assets. (Fortune)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.