How ETFs and Institutional Capital Reshaped Crypto Liquidity in 2025
- Posted on February 18, 2026
- By International Business Times
- 3 Views
How ETFs and Institutional Capital Reshaped Crypto Liquidity in 2025
Instead of trickling down to smaller caps, liquidity has remained concentrated at the top of the market. Wintermute's analysis suggests that capital no longer rotates efficiently. This structural shift indicates that the era of broad-based, speculative cycles may be ending, replaced by a mature
