Canary Capital CEO Steve McClurg said institutional access products may steer crypto demand toward actively used networks, while obscure assets outside the top 20 may lack institutional buyers without an ETF or corporate treasury vehicle.
McClurg said exchange-traded funds (ETFs) and digital asset treasury companies can give institutions a route to hold crypto. His view places access alongside network activity as a factor in which assets may draw institutional attention.
For financial projects, he pointed to tokenization work involving Solana, Sui and Injective. He also cited Hedera’s enterprise data focus and XRP Ledger’s ties with large banks.
McClurg said issuers may have to find the first buyers for tokenized offerings themselves. Lower transfer costs than those charged by traditional transfer agents could offer a nearer-term benefit, while broader adoption may pick up over the next one to two years.
Network controls may also shape institutional use, according to McClurg. He said companies may favor systems that verify customers, restrict access to approved participants and allow assets to be frozen or recovered, even when those features sit uneasily with decentralization.
For Bitcoin (BTC), McClurg described an approach in which an investor holds the asset and sells call options with strike prices 5% to 10% above the market. The option sale generates income, but the investor gives up gains above the strike if Bitcoin rises past it, he said.
