"Institutional crypto" refers to the participation, use, and investment in cryptocurrencies and blockchain-based assets by institutional entities such as hedge funds, banks, asset managers, pension funds, and corporations. It involves larger-scale, regulated, and often more sophisticated engagement with digital assets compared to retail investors. Institutional crypto activity generally includes the use of secure custody solutions, compliance with regulatory requirements, and execution through over-the-counter (OTC) desks or specialized trading platforms designed to handle large volumes and maintain liquidity.