Grayscale, BlackRock Stay Upbeat on Crypto Growth After Washington Setback
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Major asset managers expect institutional and global demand to support crypto growth despite weaker political momentum in Washington.
Crypto industry's hopes for favorable developments in Washington have faded following a political setback, according to CoinDesk, but major asset managers remain positive about the sector's broader trajectory.
Grayscale expects demand outside the U.S. and continued adoption by institutional investors to help sustain the digital asset industry, suggesting its outlook is not dependent solely on U.S. policy progress.
BlackRock also indicated that the political shift is unlikely to materially affect its crypto operations. The firm's stance points to continued demand for regulated investment products even as the policy environment remains uncertain.
Source: CoinDesk
