They are among us.
https://news.yahoo.com/22-institutional-investors-digital-asset-150031221.html
We’re too early to be seen by Instituional investor. They will go with BTC first and other mature project. Then Cardano maybe about 1-2 years from now
Timelines of 1-2 years in crypto =decades in other industries. I don’t see a reason why institutional investors would shy away from Cardano, especially when Shelley/Goguen are out.
From a fundamental point of view there is no other project like it out there.