The cryptocurrency market is divided into two parts.
Institutional and retail investors are taking increasingly different paths, with institutional participants pinning themselves to Bitcoin
and Ethereum {{eth}} Retail investors flocked to AltCoins and Memecoins, according to a report by cryptocurrency trading company Wintermute.
The report said that over-the-counter on-site transaction volume was analyzed, and institutional transaction volumes of the two largest tokens remained at 67%, which is likely supported by ETF inflows and structured accumulation vehicles. Meanwhile, retail investors have dropped their BTC and ETH exposure from 46% to 37%, shifting capital to newer, more speculative tokens.
“This difference is not temporary; it’s a more mature, refined and professional crypto market we are experiencing.”
“Investors are no longer chasing the same trend,” he added. “Institutions are viewing cryptocurrencies as macro assets, while retailers continue to attract innovation.”
Overall, traditional finance (tradfi) The company is the fastest growing queue of OTC transaction volumes, up 32% year-on-year. The report said that regulatory developments such as the U.S. Genius Act and the EU’s ongoing mica rollout have driven this growth, which has given larger companies more confidence to participate.
Retail brokers also saw strong activity, with the number rising by 21% during the same period. Meanwhile, crypto local companies dialed back 5%.
The report noted that compared with the first half of 2024, OTC options volume increased by 412%, as institutions included derivatives of hedging and output. At the same time, differential contracts (CFD) The variety doubled to provide fewer liquid tokens in a more capitalized way.
Wintermute said its own OTC desk saw spot trading volumes grow more than twice as much as centralized communication, indicating that the shift to more cautious, large-scale transactions are favored by traditional finance.
The company noted that the commemorative activities have become more dispersed. Despite the decline in overall retail transaction volume of Memecoins, the number of tokens traded by individual users doubled, indicating that demand for micro-stock assets has expanded at the long tail of the market.
In this way, a legacy name like a dog
Shiba Inu loses more and more niche mark list {{{wif}} The report states.
Looking ahead to the second half of 2025, Wintermott analysts said they would focus on the archives of dog protein ETFs and be in the final regulatory decision expected in October.
“The results could have a significant impact on the retail market and set a precedent for other alternative assets,” the report said.
