Institutional Adoption and ETFs Reshape Crypto Market Dynamics in 2026
Bitwise CIO Matt Hougan has outlined a transformative shift in the cryptocurrency market, forecasting that 2026 will mark a turning point driven by institutional adoption, regulatory advancements, and the growing influence of crypto ETFs. In contrast to historical patterns tied to Bitcoin halvings and macroeconomic cycles, Hougan argues that the traditional four-year crypto cycle is no longer the dominant force shaping market dynamics [1]. Instead, he emphasizes a new era where institutional inflows, legislative clarity, and evolving investment vehicles are redefining the trajectory of digital assets.
Hougan attributes this shift to the maturation of the crypto ecosystem, which has seen improved risk management following past crises…
