#1
#1 out of 1
business9h ago
Crypto Sector Suffers Exodus of Reliable Retail Investors | PYMNTS.com
- Retail investors are pulling back from crypto, shifting toward equities since late 2024.
- Wintermute describes crypto as one of many risky asset classes retail uses for investment and speculation.
- More than $19 billion in positions were wiped out in October, with $7 billion in under an hour.
- The report notes a near-complete pivot into equities that is still ongoing.
- Bitcoin dropped from a high near $126,000 to about $66,000 amid regional conflict concerns.
- Morgan Stanley's OCC charter bid is discussed as a path for regulated digital-asset custody.
- The trust bank charter could be an on-ramp for traditional finance into digital assets.
- Regulatory and strategic shifts aim to balance custody with liquidity in digital assets.
- The article links retail crypto demand declines to broader market volatility and regulatory developments.
- Industry leaders cite a broader trend of crypto being treated like other risky assets by speculators.
Vote 0