BlackRock's head of digital assets, Robbie Mitchnick, stated that institutional investors are concentrating their crypto asset allocations in Bitcoin and Ethereum, with limited interest in most other tokens, citing a lack of long-term value. He also pointed out that artificial intelligence will be a more important long-term driver than crypto assets, while emphasizing that cryptocurrency as "computer-native currency" has natural synergies with AI's "computer-native data and intelligence." (CoinDesk)