Which cryptocurrencies do large institutional investors buy the most?

The report also states that institutional traders and Bitcoin whales are skeptical of altcoins, and their holdings of altcoins are down overall despite a small increase in May. The decline was more pronounced in August, particularly among institutions, indicating a cautious stance toward these more volatile assets.
The data shows that Ethereum holdings of this group of investors have declined since Shapella promoted the Ethereum blockchain – except for a sharp increase in September, due to ETF-related news that excited market participas.
Earlier in October, K33 Research wrote in its report that it is changing its stance on asset allocation and advised users to return to the Bitcoin market due to Ethereum's long-term decline against Bitcoin since July 2022.