Bitcoin ETF Allocators Bought the Dip During 50% Drawdown, Bitwise Finds
TLDR:Bitwise found none of 15 institutions cut crypto exposure during the markets roughly 50% drawdown period.Several institutions increased crypto allocations, while most respondents kept exposure between 1% and 2%.Bitcoin was held by every surveyed crypto investor and was usually their largest and longest-held asset.Farside logged $691.7M of ETF outflows on June 25 and another $444.5M on June 26 during the sell-off. Institutional crypto investors did not retreat during the market‘s roughly 50% drawdown, according to Bitwise’s first Institutional Crypto Adoption Report. The firm interviewed 15 large allocators and found none reduced crypto exposure between October 2025 and April 2026. Institutions are generally reluctant to announce their crypto positions. So we asked 15 of the world‘s largest investment firms how they’re allocating to crypto today. Several instead increased allocations. That finding complicates the narrative around heavy Bitcoin ETF outflows. Public fund data showed substantial selling, yet longer-term institutional allocators largely stayed invested. Bitcoin ETF Allocators Held Firm Through 50% Drawdown The institutions included endowments, foundations, pension funds, sovereign wealth funds, multi-family offices and public companies. Their portfolios ranged from hundreds of millions to tens of billions. Discover more Blockchain consulting services Crypto tax software Enterprise blockchain solutions Crypto allocations ranged from 0.5% to 13% of investable assets, although most respondents held between
