Geopolitics Alpha

Institutions held crypto through 50% drawdown, Bitwise finds

Published . Updated .

Every institution interviewed that owned crypto held Bitcoin, usually as its largest asset; some set exit conditions for Ether and Solana.

Directly affected

  • CRCW Crypto

    Named in this report.

  • HSDT Solana

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT

    GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: bitwise, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITB BITWISE BITCOIN ETF TR

    GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BAVA BITWISE AVALANCHE ETF SHS(DE)

    GA selected BAVA as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BHYP BITWISE HYPERLIQUID ETF COM SH

    GA selected BHYP as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCW———————
HSDT———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
BITW———————
BITB———————
BAVA———————
BHYP———————

Every institution interviewed that owned crypto held Bitcoin, usually as its largest asset; some set exit conditions for Ether and Solana.

Source: Cointelegraph

Price since this story was published: Bitwise 10 Crypto Index ETF (BITW)

Since the first closing price after “Institutions held crypto through 50% drawdown, Bitwise finds,” Bitwise 10 Crypto Index ETF (BITW) is -5.54%. The S&P 500 fund (SPY) is -0.62% over the same days, a -4.93% difference versus the market.

BITW
SPY

Who is named in “Institutions held crypto through 50% drawdown, Bitwise finds”

Companies tied to this story

  • BITW Bitwise 10 Crypto Index ETF

    For “Institutions held crypto through 50% drawdown, Bitwise finds,” Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: bitwise, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITB Bitwise Bitcoin ETF

    In “Institutions held crypto through 50% drawdown, Bitwise finds,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BAVA Bitwise Avalanche ETF

    For “Institutions held crypto through 50% drawdown, Bitwise finds,” Bitwise Avalanche ETF (BAVA) is linked, with no stored direction, medium confidence. Reason on file: GA selected BAVA as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BHYP Bitwise Hyperliquid ETF

    In “Institutions held crypto through 50% drawdown, Bitwise finds,” Bitwise Hyperliquid ETF (BHYP) is linked, with no stored direction, medium confidence. Reason on file: GA selected BHYP as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BLOX Nicholas Crypto Income Etf

    Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence in the 24 Sep 2026 story “Institutions held crypto through 50% drawdown, Bitwise finds.” Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BWOW Bitwise Dogecoin ETF

    For “Institutions held crypto through 50% drawdown, Bitwise finds,” Bitwise Dogecoin ETF (BWOW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BWOW as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How “Institutions held crypto through 50% drawdown, Bitwise finds” reaches Bitwise 10 Crypto Index ETF (BITW)

On 24 Sep 2026, “Institutions held crypto through 50% drawdown, Bitwise finds” is the story that connects Bitwise 10 Crypto Index ETF (BITW) to this story.

What ties Bitwise 10 Crypto Index ETF (BITW) to the headline is this: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: bitwise, crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, Bitwise Bitcoin ETF (BITB), is listed for a different reason: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitwise. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Bitwise 10 Crypto Index ETF (BITW), and the dates in the story

BAVA traded between 19.82 and 31.85 across 20 sessions. The latest close on file is 26.04. BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47.

A simple score for Bitwise 10 Crypto Index ETF (BITW)

46 out of 100

“Institutions held crypto through 50% drawdown, Bitwise finds” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.