Institutional Investors View Bitcoin as Both Store of Value and Technological Bet

A recent Bitwise survey of institutional investors reveals that despite some viewing Bitcoin as a store of value akin to gold, many still classify it as a technological investment. The study, which polled 15 major institutions, found that all respondents holding cryptocurrencies have invested in Bitcoin.

The allocations vary widely, ranging from 0.5% to 13% of investable assets, with most falling between 1% and 2%. Family offices tend to be more generous with their allocations, while sovereign wealth funds are more cautious due to the need for multiple approvals.

Interestingly, none of the institutions surveyed reduced their exposure during the approximately 50% drop in the crypto market between late 2025 and mid-2026. Instead, several even increased their investments.

The use of ETFs has also simplified entry into Bitcoin for institutional investors, with almost all respondents already using them or planning to do so. This is due to lower operational costs and greater ease of integration with internal systems.