Institutional crypto appetite has evaporated with flows down 90% from August peaks.
DATCO flows surged to $5.5B in August 2025 but have now collapsed to under $500M monthly. October flows are barely visible with BTC capturing what little institutional interest remains while altcoin purchases have essentially flatlined.
Strategy is also showing signs of weakness with their mNAV plummeting from around 2.5 in early 2025 to approximately 1.2 today. The speculative premium has compressed dramatically, though MSTR still trades above its BTC holdings.
Institutional capital is sitting on the sidelines while existing positions hemorrhage value.
13.88K
10
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.