Report: Bitcoin Retracement of 23% Does Not Shake Institutional Confidence, Long-Term Funds Still Accumulating

BlockBeats News, March 5th: CoinShares' latest report pointed out that despite Bitcoin falling approximately 23% from last year's high, professional investors overall still maintain a stable position. Advisory firms and hedge funds slightly reduced their BTC exposure, but long-term funds such as university endowments, pension funds, and sovereign wealth funds continued to accumulate during the pullback.

The report stated that the current decline in AUM is mainly due to price volatility rather than a massive outflow of institutional funds. Meanwhile, global Bitcoin spot ETF funds continue to see net inflows, indicating that recent selling pressure comes more from early long-term holders taking profits rather than new institutional funds exiting.

CoinShares believes that with the emergence of ETFs, future regulatory disclosure documents will more clearly reflect institutional behavior in a larger price swing.