Grayscale: U.S. Household Stock Holdings Rise to 46.71%, Crypto Offers Diversification Potential

According to Huoxing Finance, digital asset management firm Grayscale reported that, as of the end of 2025, the proportion of U.S. household financial assets held directly or indirectly in corporate equities reached 46.71%, up from 43.99% a year earlier. Grayscale’s research head, Zach Pandl, noted that the rising concentration of equity assets and elevated valuations have increased the opportunity for crypto assets to serve as portfolio diversifiers. Grayscale stated that the long-term consensus earnings growth forecast for the S&P 500 rose above 25% on August 28, significantly higher than the historical range of 10% to 15%. The firm believes that, following market corrections, crypto assets have seen reduced valuations, lower leverage levels, and decreased investor long positions. Grayscale’s data shows that the 90-day correlation between Bitcoin and the Nasdaq 100 has declined from over 60% to approximately 33%, while its correlation with gold has risen from near zero to over 50%. Grayscale also noted that Bitcoin’s historical volatility exceeds that of broad equity indexes and that it does not consistently function as a safe-haven asset.