Crypto’s Shift From Narrative to Allocation

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WisdomTree’s Dovile Silenskyte argues that crypto’s evolution in 2026 is less about price discovery and more about disciplined portfolio integration 

  • Institutionalisation is accelerating via ETPs, tighter regulation and volatility compression as ownership consolidates among long-term holders.

  • Staking introduces protocol-native income, reframing parts of the asset class as total-return exposures rather than pure beta.

  • Small, systematic allocations have historically improved portfolio efficiency, with governance and rebalancing discipline central to outcomes.

Is crypto now a strategic diversifier rather than a tactical trade? The full paper explores implementation trade-offs.

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