Bitwise Says 15 Institutions Kept Crypto Allocations Unchanged Despite 50% Market Drop
JH Kim
Summary
- 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
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 examined institutional investment behavior during a period when the crypto market had fallen 50% from its peak.
Bitwise said the institutions surveyed maintained their existing crypto allocations despite the sharp market correction.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.