ByBit sees BTC, ETH ‘flight’ of institutional investors to stablecoins

The cryptocurrency exchange ByBit released its 4th quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors. 

The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the exchange categorizes as anything other than the aforementioned digital assets.

The survey suggests that the “flight” to “safer assets,” like stablecoins, in a bear market “might explain this risk-averse asset allocation from traders.”

Nonetheless, institutional traders’ allocation of Bitcoin (BTC) did spike in September, which…

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