CoinShares: Bitcoin’s drawdown hasn’t shaken institutional investors yet, says CoinShares

Professional investors trimmed exposure but largely held firm during BTC’s recent slump, while long-term allocators quietly added positions, the crypto asset manager said. What to know : CoinShares said advisors and hedge funds reduced BTC exposure modestly, but institutional ownership overall grew. Endowments, pensions and sovereign wealth funds continued adding bitcoin exposure during the downturn. Whether ETF-era investors behave like earlier long-term holders remains an open question, the report said.(Coindesk)