Institutional investors remain broadly positive on digital assets despite recent market volatility, but they are becoming more selective about how they gain exposure, according to a new survey from Coinbase and EY-Parthenon.

The January 2026 survey of 351 institutional decision-makers found that 73% plan to increase their digital asset allocations this year, while 74% expect crypto prices to rise over the next 12 months. At the same time, nearly half said recent volatility has pushed their firms to place greater emphasis on risk management, liquidity and position sizing.

That mix of confidence and caution points to a maturing market, said David Duong, Coinbase’s head of institutional research.

“People are still interested in crypto,” Duong…