Institutional interest in digital assets remains hot heading into this year’s iConnections conference in Miami, which hosted more than 75 digital asset funds and about 750 meetings between managers and allocators. Nearly a quarter of limited partners on the iConnections platform now express interest in digital asset strategies, data shows, signaling crypto has become a mainstream sleeve within alternatives, led by family offices. While bitcoin is seen as having achieved institutional legitimacy, broader adoption of altcoins remains constrained by regulatory uncertainty, according to iConnections CEO Ron Biscardi.
After a couple of rough years following the crypto market crash after the FTX collapse in 2022, interest began to stabilize, and in 2025 funds started to come back. Optimism around a more crypto-friendly regulatory stance in Washington has helped, even if progress remains slow. “I feel like what we’re seeing now at the event this year is a more normal experience,” Biscardi said. “It’s not extremely crazy, but it’s also not like ‘I don’t want to go anywhere near it.’”
More than 75 digital asset funds participated in this year’s event, generating about 750 meetings between managers and allocators, a level comparable to 2022 when crypto interest soared before the FTX collapse. Nearly one quarter of limited partners on the iConnections platform now indicate interest in digital asset strategies, reinforcing that crypto has become an established sleeve within alternatives rather than a fringe allocation. Family offices represent the largest LP cohort, consistent with their track record of backing emerging and innovation-driven asset classes.
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