{"id":462846,"date":"2023-12-04T11:55:19","date_gmt":"2023-12-04T11:55:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=462846"},"modified":"2023-12-04T14:56:14","modified_gmt":"2023-12-04T14:56:14","slug":"institutional-traders-increase-bitcoin-and-ether-holdings-remain-sceptical-on-altcoins-bybit-says","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/institutional-traders-increase-bitcoin-and-ether-holdings-remain-sceptical-on-altcoins-bybit-says","title":{"rendered":"Institutional Traders Increase Bitcoin And Ether Holdings, Remain Sceptical on Altcoins, Bybit Says"},"content":{"rendered":"

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>\n

The research<\/a> shows that institutional traders have 45% of their crypto assets in stablecoins, 50% in Bitcoin and Ether, and 5% in altcoins.<\/p>\n

“Flight to safer assets in a bear market might explain this risk-averse asset allocation from traders,” the research says.<\/p>\n

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>\n

This trading behavior stems from positive market sentiment toward BTC amid the potential approval of a spot Bitcoin exchange-traded fund (ETF<\/a>).<\/p>\n

\"Institutional<\/a><\/p>\n

Institutional traders also started accumulating Ether in September, the report says, amid upbeat sentiment caused by ETF news.<\/p>\n

On the other hand, the percentage of assets allocated by institutions to altcoins has recorded a significant drop.<\/p>\n

Retail Traders Reduce Bitcoin Holdings on Higher Leverage Levels<\/h2>\n

In contrast, retail traders have reduced their BTC holdings, with researchers attributing it to “higher leverage levels.”<\/p>\n

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>\n

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