21Shares scaled back several bullish 2026 cryptocurrency forecasts while projecting prediction market volume will surpass $100 billion this year. According to NS3.AI, the asset manager said crypto infrastructure has advanced faster than crypto prices.

The firm also pointed to U.S. spot Bitcoin ETFs, which it said have recorded roughly $3 billion in net outflows this year. Despite those outflows, ETF holdings remain just above 1.25 million BTC, according to the report.