At Least One Sovereign Wealth Fund Is Selling Gold to Buy Bitcoin, Bitwise Says
- —Survey covered 15 large institutions, with interviews conducted between March and April 2026
- —No institution sold Bitcoin during the roughly 50% drawdown from $125K to $60K
- —Crypto allocations ranged from 0.5% to 13% of investable assets, with most at 1-2%
- —Sovereign wealth funds sat at the low end due to multi-layered governance frameworks
Why it matters: It reinforces that institutions treat Bitcoin as a substitute for traditional reserve assets rather than a speculative bet.
Source: Crypto Briefing