According to Decrypt, Dovile Silenskyte, Head of Digital Assets Research at asset management firm WisdomTree, stated that the crypto market is transitioning from a retail-driven "boom and bust" phase to a stage of institutionalization and portfolio management discipline. Regulation is acting as a "filter," directing funds toward compliant structures that meet governance, custody, and transparency requirements. The increase in institutional holdings is also driving Bitcoin's volatility to converge.