Institutional crypto holders maintained their positions during a drawdown of as much as 50%, according to findings from Bitwise reported by Cointelegraph. Bitcoin was held by every interviewed institution that owned cryptocurrency and was generally the largest asset in those portfolios. The findings indicate that institutional exposure was not limited to shorter-term holdings, although the source does not provide details on the size or timing of the positions. Some institutions had established exit conditions for Ether and Solana, suggesting that selling rules differed across assets. The report’s observations cover Bitcoin (BTC), Ether (ETH), and Solana (SOL), with Bitcoin the most consistently held cryptocurrency among the institutions surveyed.
