Institutional Bitcoin ETF Holdings Shift as Wall Street Trims, Sovereign Funds Add
Divergent Positioning Among Institutional Investors Nine major Wall Street firms reduced their spot Bitcoin ETF exposure by approximately 68,000 BTC between September 2025 and June 2026, according to an analysis by Galaxy Research. This reduction exceeded the overall decline in institutional holdings, which dropped by 48,000 BTC during the same period.
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