Odaily Planet Daily reported that Wintermute released a report stating that during the bull market in the first half of 2025, significant differences in investment strategies emerged between institutional investors and retail investors. Institutions doubled down on mainstream coins like Bitcoin (BTC) and Ethereum (ETH), maintaining a 67% allocation in mainstream coins through ETF inflows and derivatives tools, while retail investors showed a preference for higher-risk meme coins and altcoins, with their allocation in mainstream coins dropping to 37%. Institutions heavily adopted derivatives for hedging and yield management, with over-the-counter options trading volume surging 412% compared to the same period last year. Meme coins like BONK, WIF, and POPCAT gained popularity, but established coins like DOGE and SHIB saw their share decrease. Wintermute pointed out that attention should be paid to the potential impact of the SEC's approval of the spot Dogecoin ETF in the second half of the year, as multiple institutions have submitted related applications. Wintermute CEO Evgeny Gaevoy stated that this divergence reflects the maturity and professionalization of the crypto market, with institutions viewing crypto as a macro asset, while retail investors chase innovative opportunities. (The Block)

#BTC #SEC #BONK #ETF #ETH #SHIB #DOGE