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When crypto prices were cut in half between October 2025 and April 2026, the world’s largest institutional investors didn’t sell.
In fact, several bought the dip.
That’s the central finding of a new report from Bitwise Asset Management, which interviewed senior allocators at 15 major institutions, including endowments, pension funds, sovereign wealth funds, family offices and public companies.
Not one reduced its crypto allocation during the sell-off. And when asked what would make them exit their position, none said a downturn in price.
Every institution in the study that owns crypto owns bitcoin. For nearly all of them, it was their first crypto purchase,…
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