Crypto’s wealthy investors and industry leaders see IPO hype waning in 2026

Despite expectations for immoderate IPO and task enactment successful 2026, less investors consciousness arsenic assured arsenic they did past year, according to the latest CfC St. Moritz report.

Feb 4, 2026, 10:18 a.m.

The hype astir cryptocurrency companies going nationalist is waning due to the fact that markets are inactive viewed arsenic insufficiently ample for the accepted concern (TradFi) firms that are taking an accrued involvement successful the industry.

Fewer investors consciousness arsenic assured arsenic they did past year, according to a study from the influential CfC St. Moritz, Switzerland crypto conference, which recorded the outlook and predictions of 242 respondents astatine the event.

After a grounds 2025 that saw 11 IPOs rise $14.6 billion, “sentiment points to waning IPO strength and rising consolidation risk,” the study said. Liquidity shortages are seen arsenic the biggest threat, according to the report.

Of 242 respondents, 107 judge “TradFi is taking over” crypto, up much than 50% twelvemonth implicit year.

Attendees, however, noted an betterment successful crypto regularisation successful the U.S. and UAE. The U.S. jumped from past to 2nd spot successful regulatory favorability wrong a year, reflecting rising confidence, and the UAE remains the apical jurisdiction.

“The CfC St. Moritz Report captures the reasoning of immoderate of the astir influential decision-makers successful integer assets,” said Nicolo Stöhr, CEO of the CfC St. Moritz. “Their responses constituent to a wide displacement successful priorities, from hype to infrastructure, liquidity, and regulatory credibility, arsenic good arsenic a rapidly changing presumption of the U.S. market. This is informed superior speaking, and it reflects wherever the manufacture is genuinely heading.”