You're watching Coin Desk. This next interview is one of the highlights from Consensus 2025.

All right.

Pretty good crowd for this early in the morning in the first panel.

So thank you everyone for being here.

We have a pretty star-studded panel up here.

We're going to be talking about, can we call it an asset class yet, how

serious investors can and should engage in crypto. So let's set the baseline here. Let's go

to you, John. What's the current baseline for what institutional investors are looking at this

space? Like obviously we have the ETFs there's some private funds how are serious

investors looking at this space right now in 2025 I would say you know we have a strong

lineup of crypto ETPs in Europe we've been in the market since 2019 if you were to

allocate sort of by a market cap weighted approach relative to

equities and bonds, you'd be at like a 2 to 3 percent weighting.

I find that most institutions in Europe have not yet really pulled the trigger, though

a tremendous number have done the due diligence.

Really around sort of the hedge fund community, I think,

is where there's the greatest early acceptance in the institutional community.

And how about you, Pascal?

What are you seeing?

Because we were talking backstage and you were like, there's some different things

happening here in Canada.

Yeah, so we're doing a lot of education.

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