In the newsletter today “Crypto for Advisors”, Joshua de VosThe research team leading CoinDesk, dropping the trends in crypto and adoption from the CoinDesk Quarterly Digital Asset report.
Then, then, Kim klemballa Answering what counselors need to know about crypto “Ask an expert.”
Thanks to our week’s newsletter sponsor, Grayscale. For financial counselors near Denver, the Grayscale posted an exclusive event, Crypto Connect, on Thursday, October 23. Learn more.
Digital Asset Quarterly Review Q3
Digital assets have expanded their recovery to Q3 as liquidity returns to global markets. As stated in CoinDesk’s digital assets report. The S&P 500 and gold have posted the stronger acquisitions, but crypto drivers are different. The demand that comes from institutions, rather than merchants.
The ETFs are leading
The ETF will continue to define the current market structure. US spot bitcoin and ether products recorded $ 8.78 billion and $ 9.59 billion in net inflows. This is the first time the ETF has exceeded Bitcoin, reflecting the broader institutional differences. Public companies have added 190,000 BTC to their quarter wealth, increasing the total handling to 1.13 million BTC, which is more than 5% of the switch -moving supply.
Corporate adoption remains a silent force in this cycle. The “Digital Asset Treasury” model, derived from Bitcoin, is now spreading in sectors and regions. Forty -three new public companies have revealed Q3 handles. For many, digital possessions are no longer an experiment, but rather a small, repeated allocation on the balance sheet.
More widespread market
Bitcoin’s dominance fell from 65% to 59%, marked the first long -term cycle of Altcoins since early 2021. The CoinDesk 20 Index Returned 30.8%, outperforming bitcoin by a wide margin. The CoinDesk 100 Index Gained 27.8%, while narrower benchmarks such as CoinDesk 5 Index Rose 15.4%.
The rally is wide but selective. Ether , and chainlink CoinDesk 20 was led with 66.7%, 66.9%, and 59.2%, respectively. Flows to the Ether ETF and Treasury’s portfolio have helped to push the property to a new full time near $ 4,955 in August. Solana rose 34.8%, supported by corporate accumulation and record revenue at the app level.
Wealth goes into multi-asset
Public companies are now reporting exposure to more than 20 digital assets. Ether leads to $ 17.7 billion worth held on balance sheets. Solana follows with $ 3.1 billion. The Tron, World Liberty Financial, and Etherna each exceeds $ 1 billion.
This activity marked the next phase of the institution’s adoption: Differently within the cryptocurrency sector itself. Treasury allocations that started with Bitcoin have expanded to other possessions. For some corporations, the owners operate as a reserve; For others, they serve as strategic positions tied to ecosystem partnerships or product launch.
The growth of these vehicles has also revealed a hierarchy in the market. A number of companies now dominate the trading activity within the “Digital Asset Treasury” segment, while smaller incoming is faced with market pressure as NAVs drift under the consistency.
Benchmarks and structures
The use of benchmarks has been the center of this market shift. CoinDesk 20 and CoinDesk 5 are now serving as references for ETFs, structured notes, and derivatives. Their methods, based on liquidity, exchange scope, and accessions, are in line with the standards that institutional investors expect from traditional indices.
The SEC approved the common listing criteria for crypto ETPs are likely to accelerate this trend. Multi-assets and staking-based ETFs are expected to follow, providing allocators of new tools to manage exposure to a wider range of digital assets.
The path ahead
Historically, the Q4 has become the strongest quarter of Bitcoin, which has been averaging 79% since 2013. With the continuation of the policy policy and balance-sheet adoption, the conditions favored the behavior at risk. However the composition of that risk is constantly changing.
Crypto is no longer a single asset decision. It is emerging with a structured, multi-asset allocation space supported by corporate participation and product access access. For counselors, the market begins to demonstrate the long institutional flow of capital, a sign of a class of possession that moves firmly toward maturity.
– Joshua The Vous, Recentarch Leads, CoinDesk
Ask an expert
What are the top 3 things that counselors should know when it comes to crypto?
- Digital assets are growing, not to be lost. Main banks like Goldman Sachs write articles in Why is the Digital Asset adoption accelerating. In a modified forecast, Citi projects that the Stablecoin market can reach more than $ 4 trillion by 2030. And on September 17, 2025, SEC introduced GENERIC GOVERNMENT GUIDELINES FOR CRYPTO ETFOpening doors to a wide range of products. Leading the expected launch of this product, the US listed in Crypto ETF and ETP and Draw $ 4.73 billion in Net Inflows in September, with the ADD leading $ 542 billion, up to $ 194 billion, according to Trackinsight. Education and understanding of digital assets are important as this asset class grows.
- Tell me, “Bitcoin is just the beginning.” Bitcoin now is worth more than 59% of the total market capitalization And there are times when bitcoin is Less than 40% of the market. A owner should not be a benchmark for the whole class. The difference is that it is key to the potential to manage volatility and get greater opportunities.
- Extensive crypto -based benchmarks. The CoinDesk 20 Index captures the performance of the leading digital assets and the CoinDesk 5 Index Monitoring the performance of the five largest constituents of CoinDesk 20. CoinDesk 20 is quite liquid, making up more than $ 15 billion in total trading volume since January 2024 and available in twenty investment vehicles worldwide. CoinDesk 5 is undergoing the first US multi-crypto ETP, the Grayscale CoinDesk Crypto 5 ETF (GDLC). The CoinDesk index offers hundreds of indices following BMR to measure, invest and trade in the ongoing expansion of the Crypto universe.
– Kim klemballa, head of marketing, coindesk index and data
