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2) Second, II's invest in what they understand.
a) $BTC - been around for 10 yrs, so II's now "know" it or at least feel most comfortable w/ it
b) VC funds - crypto VC funds are no different than non-crypto VC funds (investing in early stage equity via known structures)
3) I disagree w/ @twobitidiot here though:
While true that no one cares about $ETC, $BCH, $BSV, $EOS, etc; growth is happening from traditional II's is in verticals/strategies that they understand - for example Distressed / Value / Event investing
https://www.ar.ca/blog/crypto-market-recap-01-27-20 …)
4) DeFi is very far away from traditional investor's wheelhouses, & there isn't much investable in this space yet anyway. DeFi makes sense to non-crypto investors at a broad level (removing middlemen, unbanked, etc), but that isn't translating into flows yet.
Interesting report.
$BSV @twetchapp has more active users than any other blockchain you mentioned but ok 
Lots of people still use Myspace too... doesn't mean any institutional investors care about it https://www.metro.us/lifestyle/what-happened-to-myspace … The discussion wasn't about usage, it was about investability and institutional investment interest.
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