CoinShares: Institutional Bitcoin holdings fell 17% in Q1 2026 amid ETF-era stress test
A CoinShares analysis of 13F filings says institutional Bitcoin exposure dropped sharply in Q1 2026, with professional holdings sliding from 313,000 to 261,000 BTC while BTC fell about 22% over the quarter. The report notes the pullback was driven mainly by hedge funds and brokerages, even as financial advisors remained the largest holder group and banks increased their disclosed ETF-related positions.