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 <p>Institutional traders have increased their Bitcoin (BTC) and Ether (ETH) holdings this year but remain largely skeptical about alternative cryptocurrencies, according to Bybit research.</p>
 <p>The research shows that institutional traders have 45% of their crypto assets in stablecoins, 50% in Bitcoin and Ether, and 5% in altcoins.</p>
 <p>“Flight to safer assets in a bear market might explain this risk-averse asset allocation from traders,” the research says.</p>
 <p>Traders nearly doubled their BTC holdings during the first three quarters of 2023. In September, 50% of the crypto portfolio held by institutional traders was in Bitcoin.</p>
 <p>This trading behavior stems from positive market sentiment toward BTC amid the potential approval of a spot Bitcoin exchange-traded fund (ETF).</p>
 <p><img decoding="async" class="aligncenter wp-image-462854 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20751%20256'%3E%3C/svg%3E" alt="Institutional traders" width="751" height="256" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/12/04/e32587464236f6faf516178046acb96e.webp 751w, https://cdn.thebittimes.com/images/2023/12/04/e32587464236f6faf516178046acb96e.webp 300w" data-lazy-sizes="(max-width: 751px) 100vw, 751px" data-lazy-src="https://cdn.thebittimes.com/images/2023/12/04/e32587464236f6faf516178046acb96e.webp">
  <noscript><img decoding="async" class="aligncenter wp-image-462854 size-full" src="https://cdn.thebittimes.com/images/2023/12/04/e32587464236f6faf516178046acb96e.webp" alt="Institutional traders" width="751" height="256" srcset="https://cdn.thebittimes.com/images/2023/12/04/e32587464236f6faf516178046acb96e.webp 751w, https://cdn.thebittimes.com/images/2023/12/04/e32587464236f6faf516178046acb96e.webp 300w" sizes="(max-width: 751px) 100vw, 751px">
  </noscript></p>
 <p>Institutional traders also started accumulating Ether in September, the report says, amid upbeat sentiment caused by ETF news.</p>
 <p>On the other hand, the percentage of assets allocated by institutions to altcoins has recorded a significant drop.</p>
 <h2 id="retail-traders-reduce-bitcoin-holdings-on-higher-leverage-levels">Retail Traders Reduce Bitcoin Holdings on Higher Leverage Levels</h2>
 <p>In contrast, retail traders have reduced their BTC holdings, with researchers attributing it to “higher leverage levels.”</p>
 <p>Retail traders have the highest stablecoin holdings. But institutions are reducing their stablecoin holdings and investing in BTC and ETH, signaling growing optimism towards the crypto market.</p>
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  <li>Lawmaker Tom Emmer Slams US Treasury Department Following Crypto Crackdown Proposal, Says It Wants ”Surveillance State”</li>
  <li>Grayscale Bitcoin Trust Discount Shrinking And Investors Back New Bitcoin ETF Token With $2M As Sellout Nears And SEC Approval Bets Mount</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/institutional-traders-increase-bitcoin-and-ether-holdings-remain-sceptical-on-altcoins-bybit-says-tbt72556.html">https://thebittimes.com/institutional-traders-increase-bitcoin-and-ether-holdings-remain-sceptical-on-altcoins-bybit-says-tbt72556.html</a></p>
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Institutional Traders Increase Bitcoin And Ether Holdings, Remain Sceptical on Altcoins, Bybit Says

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