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Grayscale's Q1 2026 Focus List is not a bet on the coin price. This list is more like a weather vane — revealing the potential next focus areas of institutional capital.
A closer look shows that those trending narratives and hollow concepts are all left out. What is included? Protocols that are genuinely being built by institutions at the foundational level. In other words, this is not a hype list, but a list of actual developments. This is precisely where institutional attention is directed.