Bitwise, following a survey of 15 major institutional investors, reported that none of the respondents reduced their cryptocurrency allocations during the market decline from Q4 2025 to Q2 2026; some participants, in fact, increased their holdings.

Bitcoin is the core asset in portfolios

All surveyed investors hold BTC. It is often combined with gold as a hedge against currency devaluation.

ETH and SOL positions depend on network usage growth

Allocations to ETH and SOL are smaller and have a shorter investment horizon. Some participants are prepared to sell these assets if network usage does not increase and generate value for the tokens in the coming years.

Crypto allocations range from 0.5% to 13%, mostly 1–2%

Reported allocations to digital assets range from 0.5% to 13% of portfolios, with most investors holding 1–2%. The general trend is toward increasing allocations.

Spot ETFs: lower costs and simpler accounting

Almost all respondents already use spot ETFs or plan to switch to them, citing lower costs and simplified custody and accounting. At the same time, 13F filings do not capture all institutional crypto holdings.

None of those surveyed cited price declines as a reason to sell. Bitwise analysts estimate that most institutional investors will be buying cryptocurrency over the next five years.