Bitwise Reports Sticky Institutional Crypto Adoption Bitwise surveyed 15 major financial institutions (pension funds, sovereign wealth funds, public companies) in March–April 2025 on their crypto strategies. Key findings: ● Every crypto-holding institution held BTC, often as a store-of-value alongside gold. ● If other tokens, such as SOL or ETH, were held, then they were technology bets with shorter-term targets. ● When the crypto market fell after October 2025, holders did not reduce their crypto positions, and several increased their crypto holdings. ● Crypto allocations take up from 0.5% to 13% of investable assets, with most falling between 1% and 2%. ● Potential exit-triggers are thesis-driven rather than price-driven. ● Current barriers to entry are both reputational and operational. The report concludes adoption is accelerating and self-reinforcing, each new allocation lowers the bar for others, and predicts a majority of institutional investors will hold crypto within five years..