Corporate investors have become accustomed to including Bitcoin in their portfolios, according to Fabian Dori., 2026/04/16 15:43:24

The Chief Investment Officer of Sygnum Bank, Fabian Dori, stated that pension funds, sovereign funds, targeted funds, insurance companies, and major investors now regard Bitcoin as a standard element of an investment portfolio, regardless of the inflow or outflow of capital in exchange-traded funds (ETFs) related to the leading cryptocurrency.

Dori believes that large corporations no longer view Bitcoin as a speculative asset. Instead, they are prepared to invest in the cryptocurrency for the long term, either directly or indirectly through BTC-ETFs. The expert referenced a forecast from analysts at JPMorgan, suggesting that the inflow of funds into Bitcoin ETFs this year could reach $15 billion, which he considers a conservative estimate. In a more optimistic scenario, capital inflows could rise to $40 billion. By 2025, spot Bitcoin ETFs attracted $56.6 billion.

JPMorgan has issued bonds linked to the iShares Bitcoin Trust ETF (IBIT) from BlackRock. This indicates that Bitcoin products are beginning to be seen as standard investment tools, as they are utilized for creating derivatives and insurance products—something that would not be feasible without trust in Bitcoin, according to the executive from Sygnum Bank.

He noted that Morgan Stanley recently launched the Morgan Stanley Bitcoin Trust (MSBT) spot exchange-traded fund, which garnered approximately $32 million on its first trading day on the NYSE Arca. The major investment bank introduced its own Bitcoin-related investment instrument rather than merely connecting clients to an existing product—this demonstrates that Bitcoin has become an integral part of Wall Street’s financial landscape, insists Dori.

The Chief Investment Officer of Sygnum Bank clarified that a significant portion of transactions involving the sale of shares in Bitcoin ETFs is essentially portfolio rebalancing. When Bitcoin appreciates, its proportion in a large investor’s portfolio can increase from around 2% to 4%, prompting asset managers to reduce their positions. Such sales are recorded as outflows from Bitcoin ETFs; however, they actually reflect routine asset management rather than a negative sentiment towards Bitcoin, according to the investment director.

Previously, Dori suggested that the recently passed GENIUS Act in the U.S. regarding stablecoin regulation would encourage issuers to create tokens intended for payments, salary disbursements, and international transactions.