State of Crypto live: What’s on the horizon for 2026?

With crypto markets navigating complex transitions, our recently published State of Crypto: Market Outlook 2026 offers essential reading for investors. In case you missed the December 17 webinar hosted by its authors, a recording is now available.
The conversation covers:
- Bitcoin and Ethereum market structure and recent performance.
- Stablecoin growth, usage, and implications for liquidity.
- ETF flows and positioning across major crypto assets.
- Interest rate expectations and macro-sensitive market behavior.
- Regulatory developments and policy considerations.
- Institutional participation and changing market dynamics.
- Prediction markets as an emerging onchain use case for global risk and information.
- Tokenization of real-world assets and its implications for capital markets.
Watch the replay to gain a data-driven overview of the current crypto market environment and the key signals the 21shares research team is monitoring as the cycle continues to mature.
This report has been prepared and issued by 21Shares AG for publication globally. All information used in the publication of this report has been compiled from publicly available sources that are believed to be reliable, however, we do not guarantee the accuracy or completeness of this report. Crypto asset trading involves a high degree of risk. The crypto asset market is new to many and unproven and may have the potential not to grow as expected.Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment.Nothing herein does or should be considered as an offer to buy or sell or solicitation to buy or invest in crypto assets or derivatives. This report is provided for information and research purposes only and should not be construed or presented as an offer or solicitation for any investment. The information provided does not constitute a prospectus or any offering and does not contain or constitute an offer to sell or solicit an offer to invest in any jurisdiction. The crypto assets or derivatives and/or any services contained or referred to herein may not be suitable for you and it is recommended that you consult an independent advisor. Nothing herein constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal recommendation. Neither 21Shares AG nor any of its affiliates accept liability for loss arising from the use of the material presented or discussed herein.Readers are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors.This report may contain or refer to material that is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject 21Shares AG or any of its affiliates to any registration, affiliation, approval or licensing requirement within such jurisdiction.







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