Bitwise Report Says 15 Large Institutions Surveyed Did Not Reduce Crypto Assets During an Approximately 50% Drawdown
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AT A GLANCE
Bitwise states that none of the 15 large institutions surveyed reduced their crypto asset holdings during an approximately 50% crypto market drawdown.
Article
Bitwise Report: None of 15 Large Institutions Surveyed Reduced Crypto Exposure During a 50% Market Drawdown
PANews reported on September 23 that Bitwise released its first "Institutional Crypto Asset Adoption" report, based on interviews with investment professionals responsible for crypto asset allocations at 15 large institutions. The report stated that between the fourth quarter of 2025 and the second quarter of 2026, the crypto market as a whole declined by approximately 50%; however, none of the surveyed institutions reduced their crypto asset allocations, and some increased their holdings further. All surveyed institutions holding crypto assets held Bitcoin, with most viewing it as a store-of-value asset and, alongside gold, as a hedge against fiat currency depreciation. The report also showed that surveyed institutions' crypto asset allocations ranged from 0.5% to 13% of investable assets, with most concentrated between 1% and 2%.
Bitwise released its first "Institutional Crypto Asset Adoption" report.
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The report is based on interviews with investment professionals responsible for crypto asset allocations at 15 large institutions.
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The report states that the crypto market as a whole declined by approximately 50% between the fourth quarter of 2025 and the second quarter of 2026.
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The report states that none of the surveyed institutions reduced their crypto asset allocations, and some increased their holdings further.
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All surveyed institutions holding crypto assets held Bitcoin.
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Most surveyed institutions view Bitcoin as a store-of-value asset and, alongside gold, as a hedge against fiat currency depreciation.
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Surveyed institutions' crypto asset allocations ranged from 0.5% to 13% of investable assets, with most concentrated between 1% and 2%.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report describes the allocation behavior of 15 large institutions surveyed during a market drawdown: they did not reduce their holdings, some increased them, and all institutions holding crypto assets also held Bitcoin.
Why it matters to readers
The report indicates that, among the institutions surveyed, an approximately 50% market drawdown did not lead to lower crypto asset allocations, and that most institutions' allocations were concentrated between 1% and 2% of investable assets.
Beginners can use this to understand how some large institutions allocate to crypto assets, but it reflects only the 15 institutions surveyed and cannot directly represent all institutions.
Risks and unknowns
The original article does not provide the names of the 15 institutions surveyed.
The original article does not explain how interviewees were selected.
The original article does not provide the full report or the specific data calculation methodology.
The report's conclusions come from Bitwise, and the original article does not provide independent verification information.
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Market Drawdown
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