Bitwise Survey: 15 Responding Institutions Maintained Positions During ~50% Crypto Market Decline, With Allocations Mostly 1% to 2%

Bitwise's Institutional Crypto Asset Adoption Report states that it engaged with investment heads from 15 institutions, including endowments, pension funds, sovereign wealth funds, family offices, and publicly traded companies, between late March and April 2026. All surveyed institutions holding crypto assets hold Bitcoin, with allocations ranging from 0.5% to 13% of investable assets, mostly between 1% and 2%. During the crypto market's approximately 50% decline from October 2025 to April 2026, no institution reduced its holdings; some even increased them. Nearly all surveyed institutions have either used or plan to use spot crypto ETFs, with governance processes, operational arrangements, and reputational risk serving as the primary obstacles to expanding their allocations. Bitwise expects that most institutional investors will hold crypto assets over the next five years.