Crypto’s Shift From Narrative to Allocation

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.