Institutions held crypto through 50% drawdown, Bitwise finds
Every institution interviewed that owned crypto held Bitcoin, usually as its largest asset; some set exit conditions for Ether and Solana.
Every institution interviewed that owned crypto held Bitcoin, usually as its largest asset; some set exit conditions for Ether and Solana.
None of the 15 institutions interviewed by asset manager Bitwise cut their crypto allocations during a roughly 50% market drawdown, while several bought more.
Every institution in the group that owned crypto held Bitcoin (BTC), usually as its largest and longest-held position, while Ether (ETH) and Solana (SOL) were smaller bets with shorter investment horizons and conditions for selling.
Crypto allocations among those with exposure ranged from 0.5% to 13% of investable assets, though most were between 1% and 2%. Bitwise said almost every institution interviewed either used spot crypto exchange-traded funds or planned to, with some investors shifting from private placements or direct custody toward ETFs.