Sovereign funds aggressively buy BTC while retail investors continue to sell

Odaily Planet Daily News: John D'Agostino, Head of Institutional Business Strategy at Coinbase, stated that in April 2025, sovereign wealth funds are increasing their holdings of Bitcoin through ETFs and spot markets, while retail investors are reducing their holdings. He pointed out that institutions view BTC as a safe haven asset against inflation, with characteristics similar to gold. Currently, countries such as El Salvador and Bhutan have included Bitcoin in their foreign exchange reserves, and some state governments in the United States are also pushing for relevant legislation. Among listed companies, the trend of holding coins led by MicroStrategy (now renamed Strategy) has been imitated by multiple companies. Data shows that the market value of Bitcoin has recently surpassed Google and entered the top five global assets. The current BTC price remains above $90000. （Cointelegraph）