Wintermute: Institutions increase holdings of BTC and ETH in 2025 bull market, retail investors flock to memecoin
Powered by ChatGPTWintermute released a report noting a clear divergence in investment strategies between institutions and retail investors during the bull market in the first half of 2025. Institutions primarily increased their holdings of Bitcoin and Ethereum, while retail investors turned to memecoins and other high-risk altcoins. Data shows that institutions' allocation to mainstream coins reached 67%, while the retail investor ratio fell to 37%, widening the gap between the two to a historical high of 30 percentage points. Wintermute CEO Evgeny Gaevoy said that this divergence reflects a more mature and professional market. The report also noted that institutions significantly adopted derivatives tools in the first half of 2025, with over-the-counter options trading volume increasing by 412%. [TheBlock]