Bitwise released its inaugural "Institutional Crypto Asset Adoption" report revealing that none of the 15 large institutions surveyed reduced crypto allocations during a 50% market drawdown between Q4 2025 and Q2 2026. Investment professionals at these firms either maintained or increased their holdings despite the significant price correction, signaling sustained institutional conviction. All surveyed institutions holding crypto assets maintain Bitcoin positions, primarily viewing it as a store of value comparable to gold for hedging against fiat currency devaluation. Portfolio allocations ranged from 0.5% to 13% of investable assets, with the majority of institutions concentrating exposure between 1% and 2%.