CoinShares: No institutional panic selling despite BTC drop

Institutional investors have not engaged in panic selling during the initial stages of Bitcoin's decline, according to a report from European crypto asset manager CoinShares. CoinDesk reported that while professional investors and asset managers have slightly reduced their exposure and hedge funds have deleveraged to move into other markets, their overall positions have remained at levels similar to last year. The report added that long-term investors, including endowments, pension funds, and sovereign wealth funds, are continuing to quietly accumulate BTC.