Commodity Trading Advisors (CTAs) have significantly increased their Bitcoin holdings in 2025, with the number of treasury holders rising from 70 at the start of the year to over 130 by mid-year. This surge highlights the growing interest in Bitcoin among institutional investors. However, industry experts caution that many CTAs could face collapse in 2026, particularly during market downturns, due to inadequate strategies. To remain competitive against crypto ETFs, CTAs are advised to enhance their focus on yield and infrastructure. Meanwhile, the volatility in the fear and greed index suggests that altcoins may present viable alternatives for investors seeking to navigate the fluctuating market conditions.