Institutional crypto interest rebounds as Bitcoin falls 25%

Ron Biscardi, CEO of iConnections, said the mood around digital assets has shifted among the world’s largest allocators. His platform, which represents over $55 trillion in assets and tracks thousands of meetings each year, showed interest stabilised after the rough years following the 2022 FTX collapse and that this year’s event felt "more normal." More than 75 digital asset funds took part in the conference, generating roughly 750 meetings — a level comparable to 2022.

Nearly one quarter of limited partners on the iConnections platform now indicate interest in digital asset strategies, with family offices the largest LP cohort expressing interest and traditional wealth managers under pressure to offer crypto exposure in hubs like Dubai, Switzerland and Singapore.

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