CoinShares says institutional investors remained unfazed during bitcoin's decline

CoinShares stated that professional investors slightly reduced their exposure during the recent bitcoin decline, but overall holdings remained stable, while long-term allocators quietly increased their positions. The report pointed out that advisors and hedge funds moderately reduced their bitcoin holdings, but institutional overall holdings increased, with endowments, pension funds, and sovereign wealth funds continuing to increase their bitcoin exposure during the downturn. The report also mentioned that it remains unknown whether investors in the ETF era will behave like early long-term holders.