SEC’s spotlight Bitcoin All eyes are on after approving ETFs Ethereum As it translates into ETF applications, investor interest in ETH continues to grow.
At this point, one of the leading cryptocurrency exchanges Bybit In a recent report published by It was stated that institutional investors are more interested in Ethereum.
“Institutional Investors Increased Ethereum Allocation!”
According to this report, institutional investors have become more interested in Ethereum in recent months and They started holding more Ethereum than Bitcoin in their portfolios.
According to ByBit’s latest report, the top reasons why institutional investors have turned to Ethereum lately are the upcoming Dencun upgrade and a possible spotlight from the SEC. ETH ETF approval is included.
“Optimism among institutional investors towards Ethereum started in September 2023 and increased further in January 2024, gaining an important place in portfolios.
During this period, the share of Ethereum in institutional investors’ portfolios reached approximately 40%.
During this period, institutional investors allocated approximately 40% of their portfolios to Bitcoin, 40% to Ethereum, 15% to stablecoins, and the remaining 5% to various altcoins. This shows that institutions have increased their investment focus on Bitcoin and Ethereum from 50% to 80%.
However, from the perspective of retail investors, while Bitcoin ranks first in interest among retail investors, it has been observed that this investor group is more inclined towards altcoins than corporate ones.”
“The Transition from Bitcoin to Ethereum Accelerated During This Period!”
ByBit lastly stated that institutional investors started to reduce their Bitcoin assets in early December 2023, and that Bitcoin was testing an important resistance level of $ 40,000 during this period.
“The decline in Bitcoin assets held by institutional investors is associated with institutions switching from Bitcoin to Ethereum.
However, uncertainty remains as to whether this transition is a short-term tactical adjustment or a medium-term strategic reallocation.”
*This is not investment advice.
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