Bitwise: Institutions increase Bitcoin holdings as some sovereign funds sell gold

🚨 Major institutions held or bought more Bitcoin as its price dropped from $125,000 to $60,000. 💡 Major banks and asset managers, including Wells Fargo, Fidelity, and BlackRock, allocate 2–8% to Bitcoin. 📈 Weekly ETF inflows for $BTC reached as high as $2.

5 billion, showing new institutional interest. 🔎 Sovereign wealth funds began selling gold to add Bitcoin for diversification and currency hedge. Continue Reading: Bitwise: Institutions increase Bitcoin holdings as some sovereign funds sell gold