Institutions have increased their portfolio concentration in bitcoin and ether to 80%, with a significant bet on ether due to the anticipated Dencun upgrade, according to Bybit’s report, which surveyed traders with assets in the exchange. Meanwhile, retail users have a lower concentration in these assets and a higher tilt towards altcoins, the report added.
ETH Not BTC Is the Most Held Crypto by Institutional Investors: Bybit Research
