Sovereign wealth funds and banks bucked the trend by increasing their holdings of Bitcoin ETFs, while Harvard’s endowment fund significantly reduced its holdings; a 13F report revealed a high degree of divergence among institutions.
Author: Blockchain Knight
The crypto market experienced a downturn followed by a rebound in the first quarter of 2026. With the release of the 13F filings in mid-May, a highly differentiated institutional landscape emerged.
On one hand, sovereign wealth funds and bank-affiliated capital are increasing their holdings against the trend, while on the other hand, established endowment funds are decisively reducing risks. Spot ETFs have completely dragged Bitcoin into the tactical game of global capital.
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