CoinShares: Bitcoin's decline has failed to shake the confidence of institutional investors

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Mars Finance reports that, according to market sources, CoinShares states that despite Bitcoin’s price dropping about 23% from its nearly $125,000 all-time high last year, institutional investors remain steadily holding their positions. CoinShares analyst Matt Kimmell said that professional investors have only slightly reduced their holdings, while long-term investors such as pension funds and sovereign wealth funds continue to “quietly increase their positions.” The report indicates that global Bitcoin ETF capital inflows remain positive, suggesting that the selling in the fourth quarter is more due to long-term holders taking profits rather than new institutional funds withdrawing.

BTC-3.47%
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