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Institutions want investments that confer actual rights, something which these cryptocurrencies do not do.

If you are expecting a large influx of institutional investment money, I expect you will be disappointed.

That's a good criticism of ICOs that fund specific teams, which are somewhat analogous to company shares. Base layer cryptocurrencies on decentralized platforms are more like commodities and foreign currencies, which don't confer rights either but still attract massive investment.

That’s not true. For example, owning bitcoin gives you property rights.

Are you referring to the right to obtain profit from forks?

No, i’m talking about the fact that bitcoin is literally property according to the government.

Also profit != property.

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