I've read an article recently where coinbase stating that a large fund has entered in their website and it was believe by the ceo that it was from institution. I don't know if I am glad to hear this because in my perspective, these institutions are just doing it in case the tables are turned and bitcoin really succeed. But I think more and more institutions will do this after we hit either $50k or $100k btc.
Apparently, these big institutions are aware of the benefits of Bitcoin and will not sit down and watch as investors enjoy everything. These institutions invest huge into crypto and since most of the transactions are anonymous, they tend to hide behind the transactions because most of them play important roles in governmental affairs. The institutions know Bitcoin and cryptocurrency cannot be stopped and will receive a mass adoption some years to come which will boost its market price.