Related Articles
A bitwise CIO Matt Hougan, who says ETF flow data shows professional investors have largely held onto their positions during the crypto market’s steep decline in its long-term collapse, said institutional investors were “proving more resilient bitcoin holders than critics expected.”
Hougan added that “the best evidence we have is the ETF market.” From their launch in January 2024 through October 2025, about $60 billion in net flows were generated from the launch of “Bitcoin ETFs” which accumulated around 20%. The price is half-low since October 2025, but we’ve seen less than $10 billion in outflows from ETFs as of today. , ” and.
In the months following their launch in January 2024 and October 20,25, Hougan told CoinDesk that Bitcoin exchange-traded funds ‘attracted about $60 billion in net inflows from around $80 billion to roughly $125 million. Historically the price of the cryptocurrency has been around half-way down, though outflows in ETFs have dropped under $10 billion.
Similarly, professional investors have been ‘diamond hands’ in bitcoin.’ He said “In other words, even though there is a punishing bear market, pro investors are now being ‘Diammond hand’ at the same time. Bitwise, a company that operates in Hougan’s Bitway, offers an array of digital asset investment products such as the Bit wise Bitcoin ETF (BITB) and other online assets. The assets of BITB are just under $3 billion and the company’s assets have only been managed by . In AUM, BlackRock’s iShares Bitcoin Trust (IBIT) has over $55 billion in its top spot bitcoin ETF, the leading place of bitcoin.
Bitcoin remains a ‘non-consensus asset’
According to Hougan, the data challenge is a common criticism that institutional investors — who are often more sensitive to macroeconomic shocks and liquidity cycles — could sell their bitcoin exposure quickly during periods of market stress. But, he added, the opposite dynamic may be at play right now.
He added that bitcoin is a non-consensus asset, even though it has been improving in recent years. Today’s bitcoin-buyers are institutional investors who continue to stick their neck out and stand out from others. Paraphrasingr ’It is.
But that’s a risk for institutions investing in bitcoin today, which is unusually strong belief in the asset,” said the CIO at Bitwise, based in San Francisco, an investor-owned company with more than $15 billion in client assets under management.
The CIO of Bitwise, a San Francisco-based firm that has more than $15 billion clients under management, said ‘The fact that institutions are investing in bitcoin today tends to have unusually strong faith in the asset is an important part of that career risk.
Hougan said ‘The institution investors that invest in this way have very high conviction. “They do not think bitcoin is a good idea” and are 80% or 90% convinced, they don’t 51%. But otherwise they wouldn’t be taking the risk. Paraphrast.
he said, because of that dynamic, “I think institutional capital could be “very sticky” even during volatile market cycles ‘for the future. , ” and.
The $1 million BTC question
The behavior of institutional investors during downturns “bolsters” Hougan’s long-term $1 million bitcoin outlook, which he doubled down in the interview with.
Hougan said ‘It’s not crazy at all that is the most ridiculous thing about my $1 million prediction. It is the only way for bitcoin to be $1 million, and it’s a global store of value market that continues to grow as it has been for the last two decades; while Bitcoin remains merely – but material part of that market. ” , ‘I’m sure it is worth reading.
For Hougan, the resilience of institutional investors through volatile market cycles is part of that broader maturation process.
His quote is ‘It’s just the 10-20 years of what has been happening for the last 10–20 years to keep going on for this next 10 years and we will get there.
Thanks for reading Institutions had ‘diamond hands’ during bitcoins 50% plunge Bitwises Matt Hougan says
