Wintermute: Institutional investors double down on BTC and ETH in the first half of 2025, while retail investors turn to meme coins and altcoins

On July 15 (UTC+8), a report by cryptocurrency trading firm and market maker Wintermute found significant differences in the investment strategies of retail and institutional investors during the bull market in the first half of 2025. The report stated that institutional investors are doubling down on mainstream cryptocurrencies such as Bitcoin and Ethereum, while retail investors are opting for memecoins and other altcoins. This move marks a significant shift in the trading interests of institutional and retail investors. In the past few years, the movements of the two have been basically synchronized: institutional investors seek stable investment opportunities, while retail investors pursue newer, but riskier, investment opportunities. The gap between institutional and retail investors in mainstream currency allocation has widened to a record 30 percentage points. The report shows that institutional investors' allocation ratio in mainstream currencies remains at 67%, mainly through ETF inflows and other new holdings tools; while retail investors' allocation ratio in mainstream currencies has dropped by 9%, to 37%, due to their interest shifting to altcoins. (Source: Bitpush) [Meta Era]