The First Institutional Crypto Bull Market Is Here — and Retail Is Sitting It Out!

Exodus CEO JP Richardson is calling it: this may be the first crypto bull cycle driven by institutions rather than retail FOMO. The data backing that thesis is hard to dismiss — Bitcoin ETFs pulled in $2.1 billion over eight straight days of inflows, BlackRock alone absorbed 75% of total flows, and whale wallets holding more than 1,000 BTC added 270,000 BTC in the last 30 days, the largest monthly accumulation since 2013. Meanwhile, Ethereum ETFs notched their longest inflow streak since October, and stablecoin supply has hit $319 billion.

The institutional roster keeps expanding: Morgan Stanley launched a Bitcoin ETF that became the firm's best debut in history, Goldman Sachs filed next, Franklin Templeton announced a dedicated crypto division, and Schwab opened a waitlist for direct Bitcoin trading. Strategy has surpassed BlackRock as the largest corporate Bitcoin holder. In 2018 and…