Kevin O'Leary's Altcoin Exit Faces Fund Reality Check

Kaiko data showed the top 10 altcoins by volume increased their share from 50% to 63% over the same stretch. Wintermute's OTC desk reported that institutions accounted for 72% of spot trading volume.

The host also compared fund ownership as a share of market cap. Ethereum funds held assets equal to 4.55% of ETH's market cap. Bitcoin stood at 6%. Solana funds were estimated at about 2%. Hedera came in at 1.6%, a figure tied to one product, the Canary HBAR ETF. Avalanche funds stood at just over 1%.

Those percentages, the host argued, undercut the idea that institutions have written off every major altcoin. O'Leary's Bitcoin-and-Ethereum-only approach looks more like a personal portfolio constraint than a verdict on the broader market.