However, it may not be a total exodus for institutional investors as they already have a large presence into the sector. “Whatever the outcome is, I don’t think it will lead to institutional investors significantly pulling money from the sector,” said Kevin March, co-founder of cryptocurrency prime brokerage firm Floating Point Group. “Anyone that is here right now, is here to stay … We’re still having conversations with institutions who are interested and trying to figure out how to enter the space this week despite the backdrop,” he added.
Source: https://www.coindesk.com/business/2022/11/09/a-failed-ftx-binance-deal-is-catastrophic-for-crypto-sector/?utm_medium=referral&utm_source=rss&utm_campaign=headlines