Have in mind that the institutions are coming in but are doing so in ways that we cannot see immediately. First, they are buying into companies behind blockchain technology or around the exchanges to take advantage of the immediate demand for cryptocurrencies. They are also buying into certain cryptocurrencies like bitcoin in OTC markets in which transactions are done privately and not accounted for on exchange volumes. That is why volumes seem low when the reality is that they are still healthy when looking at wallet activity.
Yes. I have no doubt that there is a large amount of activity going on out of the usual places which just adds weight to it all really. I have no idea how it will play out long-term (or short term) but there is a big something coming along the way and it is going to make what has happened so far look very small from a value perspective.