Asset Class

Crypto Research & Digital Asset Analysis

The current research landscape for the crypto asset class is dominated by a shifting classification of Bitcoin, which is increasingly viewed by institutional desks as a 'digital trade' akin to high-growth software sectors rather than a 'real asset' like physical gold. This narrative is reinforced by Bitcoin’s recent underperformance relative to gold, which serves as the primary hedge against dollar weaponization while digital assets remain tethered to tech-momentum factors. The broader crypto space is currently navigating a significant 'Quant-Quaking' event, marked by the aggressive liquidation of crowded thematic exposures and a severe drawdown in the momentum factor. Despite localized Bitcoin volatility, broad market indices have shown some resilience through 'Reverse Dispersion,' though analysts warn that breaching CTA triggers could further exacerbate technical selloffs. Furthermore, macroeconomic headwinds including potential Fed rate hikes and inflationary pressures from tariffs are influencing the risk-off rotation currently affecting the sector. Overall, research indicates that crypto is presently behaving more as a high-beta technical exposure than a defensive store of value amidst historic factor volatility.

133 reports available

Digital Assets Need to Know thumbnail

Digital Assets Need to Know

Goldman Sachs·Jun 5, 2026

This report outlines current trends in digital assets, focusing on tokenization initiatives by major banks and shifting dynamics in crypto derivatives markets.

Digital Assets Need to Know thumbnail

Digital Assets Need to Know

Goldman Sachs·May 29, 2026

The digital asset market faced a 5% weekly drawdown in late May 2026, even as institutional giants like NYSE, Mastercard, and Samsung advanced new crypto-integrated products.

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Cryptocurrency Markets Spot ETP Flows

J.P. Morgan·Jun 10, 2026

On June 9, 2026, U.S. spot ETPs for Bitcoin, Ether, and Solana experienced net outflows totaling $118mn. The redemptions were led by Bitcoin and Ether ETPs, while Solana products saw marginal inflows.

Delta-One Flows And Positioning thumbnail

Delta-One Flows And Positioning

J.P. Morgan·Jun 8, 2026

The report highlights heavy US equity futures selling offset by ETF inflows, alongside continued strong CTA long positions in equities and a robust memory theme.

Strategy Sells BTC and CFTC Approves Regulated Perpetuals thumbnail

Strategy Sells BTC and CFTC Approves Regulated Perpetuals

Goldman Sachs·Jun 3, 2026

Strategy executed its first BTC sale since 2022, while the CFTC reached a milestone by approving regulated perpetual futures platforms in the U.S.

Strategy Sells BTC, Geopolitical Reaction Function, and CFTC Regulated Perps thumbnail

Strategy Sells BTC, Geopolitical Reaction Function, and CFTC Regulated Perps

Goldman Sachs·Jun 2, 2026

Goldman Sachs analyzes Strategy's recent Bitcoin sale and significant May ETF outflows, alongside a breakdown in crypto's correlation with tech stocks. It highlights a landmark CFTC approval for regulated crypto perpetual futures platforms in the U.S.

Flows & Liquidity

J.P. Morgan·Jun 9, 2026

Delta-One Flows and Positioning Weekly Update

J.P. Morgan·Jun 1, 2026

Global Family Office Report

UBS·May 28, 2026

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