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Institutions Held Crypto Through 50% Market Drop, Bitwise Report Finds

Original: According to Bitwise's Sept 23 report, 0 out of 15 major institutional investors cut crypto allocations during a ~50% ma

A Bitwise report dated September 23 found that none of 15 major institutional investors reduced their crypto allocations during a roughly 50% market decline between Q4 2025 and Q2 2026. With typical exposure of 1-2% of assets under management, no holder cited falling prices as a reason to sell, while investors not yet in crypto continued advancing their due diligence. The finding is being read as a sign that institutional conviction in digital assets has matured beyond short-term price moves.

Why now: It challenges the assumption that institutions flee crypto in downturns, which is notable news during or after a sharp market decline.

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