Bitwise Asset Management, a global crypto asset manager with $9 billion in client assets, today released Institutional Crypto Adoption, a study drawn from in-depth interviews with the senior investment professionals responsible for crypto allocation decisions at 15 of the world’s largest institutions, including endowments, foundations, public pension funds, sovereign wealth funds, multi-family offices, investment consultants, and public companies.

Institutions rarely disclose their crypto positions, whether for competitive or reputational reasons. This study intends to break through that silence by asking allocators directly what they hold, how much, why, and what would make them sell.

The findings suggest adoption is happening faster and…