Global Stock News

Bitwise Says 15 Institutions Kept Crypto Allocations Unchanged Despite 50% Market Drop

Bitwise Says 15 Institutions Kept Crypto Allocations Unchanged Despite 50% Market Drop

  • It said the institutional investors surveyed did not reduce their allocations during the crypto market’s 50% drop.
  • It said none of the 15 institutions surveyed cut their crypto allocations during the market downturn.
  • It said Bitwise found that the institutions surveyed maintained their existing crypto allocations despite the sharp market correction.

Forecast Trend Report by Period

Loading IndicatorLoading Indicator

Photo: Shutterstock
Photo: Shutterstock

A survey found that institutional investors in the sample did not reduce their allocations to digital assets even as the cryptocurrency market fell 50%.

Cointelegraph reported on Sept. 23 that none of the 15 institutions surveyed cut their crypto allocations during the market downturn.

The survey…

Source link

Share this article

Scroll to Top