Bitwise: Long-Term Bitcoin ETF Holders Stayed Put Through 50% Drawdown
- —Long-term Bitcoin ETF holders kept positions through a ~50% market drawdown
- —Some investors increased ETF holdings during the downturn
- —Hedge funds were the largest sellers of Bitcoin ETFs over the past year
- —Retail traders also added to selling pressure
Why it matters: The resilience of long-term allocators reduces the risk of cascading sell-offs and supports ETF demand during drawdowns.
Source: Coinfomania