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CoinShares: Institutions Maintain Stable Holdings Despite Bitcoin's 23% Pullback
Svmuu News: CoinShares reports that despite the price of Bitcoin falling by approximately 23% from its all-time high of nearly $125,000 reached in early October, institutional investors have maintained a stable stance on their holdings.CoinShares analyst Matt Kimmell noted that professional investors have only made minor reductions in their holdings, while long-term investors such as pension funds and sovereign wealth funds continue to "quietly accumulate" positions.The report noted that global inflows into Bitcoin ETFs remain positive, indicating that the fourth-quarter sell-off stemmed more from long-term holders taking profits than from the withdrawal of new institutional capital. (CoinDesk)
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