A recent survey by Coinbase and EY-Parthenon reveals that 73% of institutional investors plan to increase their digital asset allocations in 2026, despite recent market volatility. The survey, which included 351 institutional decision-makers, also found that 74% expect crypto prices to rise over the next year. However, nearly half of the respondents indicated a heightened focus on risk management, liquidity, and position sizing due to recent market fluctuations. The survey highlights a shift towards more permanent operating models in the crypto space, with institutions emphasizing governance, compliance, and operational resilience. Notably, 66% of respondents prefer exposure through spot crypto ETFs, while 81% favor registered vehicles for spot exposure. Regulatory clarity remains a critical factor, with 65% citing it as a driver for increased holdings, yet 66% view regulatory uncertainty as a primary concern. Interest in stablecoins and tokenization is also rising, with 86% of respondents using or interested in stablecoins for practical applications like T+0 settlement. Additionally, 63% are keen on investing in tokenized assets, anticipating significant impacts on trading and settlement processes within the next few years. The survey underscores the importance of compliance and security, with these factors now prioritized over cost in custodian selection.