00:00It's Benzinga bringing Wall Street to Main Street
00:02Bitcoin is increasingly becoming the institutional crypto trade,
00:06with investors gaining exposure through spot Bitcoin ETFs.
00:10Retail traders, meanwhile, are focusing on meme coins, AI tokens, and tokenized stocks
00:15through mobile platforms.
00:17Alice Liu, head of research at CoinMarketCap, told Benzinga in an exclusive email interview,
00:22U.S. spot Bitcoin ETF assets under management rose from about $79 billion to $102 billion
00:29over the month as of September 10th.
00:32Bitcoin dominance remained near 59%, close to the top of its 12-month range,
00:37suggesting institutional exposure is increasingly concentrated in Bitcoin.
00:41Mem coins and AI tokens had larger market values, but tokenized stocks saw nearly $2 billion
00:47in daily trading against a market capitalization of just $2.3 billion.
00:53That suggests retail traders are increasingly drawn to assets they can trade quickly and frequently.
00:59Crypto activity has increased, but the altcoin season index remained at 37,
01:03well below the 75 level that signals a broad shift into altcoins.
01:08Meanwhile, open interest rose 20% to $468 billion, even as funding rates fell by more than half.
01:15For all things money, visit Benzinga.com.
