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Institutional

ETF Issuer Says XRP Is A Tactical Play For Institutional Investors, Here’s Why

by admin August 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Institutional confidence in the cryptocurrency market is gaining new momentum, particularly with XRP, which is increasingly becoming a focal point for investors. A recent release by ETF issuer WisdomTree, now circulating across the social media platform X and amplified by crypto commentator SMQKE, is projecting XRP as a “tactical onshore play” for institutional portfolios.

The endorsement shows the growing sentiment that XRP is no longer just a speculative asset, with many fervent bullish proponents predicting a $1,000 price point in the near future.

XRP As A Tactical Onshore Play

According to ETF issuer WisdomTree, the unique advantage XRP now offers is its fully onshore accessibility through CME-listed futures. This eliminates the reliance on offshore venues that often expose investors to shallow liquidity and weaker regulatory oversight. In essence, the full onshore access of XRP makes it a viable gateway to consistent basis yield harvesting, especially valuable in fast-moving and volatile conditions in the crypto market.

Basically, recent crypto market dynamics have made it possible that institutional traders can directly access basis trading opportunities in XRP without leaving regulated markets, a development that makes the asset particularly attractive for large-scale portfolio managers.

However, many XRP proponents would argue that the cryptocurrency is yet to reach its full potential when it comes to being the tactical play for institutional investors. The most important thing right now is the launch of Spot XRP ETFs in the US market. A Spot XRP ETF would mirror the trajectory that Bitcoin followed in early 2024, when Spot ETF approvals by the SEC unleashed billions in inflows into the cryptocurrency.

Interestingly, the SEC has set a final deadline for deciding on several XRP-linked spot ETF applications by mid-October. For instance, the regulator must decide by October 18, 2025, whether to approve Grayscale’s request to convert its XRP Trust into a spot ETF. According to Eric Balchunas, a senior ETF analyst for Bloomberg, the odds of an XRP ETF hitting the US market soon are at 95%.

Bitcoin, Ether, And Solana As Institutional Benchmarks

The release by WisdomTree also looks at how different digital assets occupy particular roles among institutional investors. Bitcoin, through CME-listed futures, is the institutional “gold standard,” with the deepest liquidity and the most reliable structure for basis trading. According to the ETF issuer, Bitcoin CME futures are always trading at an annualized premium to spot, which makes them the cleanest in terms of scalability for yield harvesting.

On the other hand, Ether is the smart beta to Bitcoin’s benchmark, while Solana was described by WisdomTree as the high-octane yield enhancer. Solana, like XRP, is still in its early stage compared to Bitcoin and Ether among institutional investors, but with the potential for higher returns due to staking rewards boosting its basis trades. However, despite these other crypto heavyweights, WisdomTree proclaimed XRP as the best tactical onshore play.

XRP trading at $2.9 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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August 21, 2025 0 comments

GameFi Guides

HBAR Tumbles 3% as Institutional Investors Exit Positions

by admin August 20, 2025

Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23.

The token traded within a tight $0.01 band, marking a 4% spread between its session high and low, as traders adjusted exposure across alternative digital assets. Analysts highlighted the $0.24 level as a key point of resistance, where buying momentum faded and downward pressure intensified.

The most pronounced activity came during the final hour of trading on August 20, when volumes surged to 85.82 million HBAR.

Market observers noted that the token tumbled to $0.23 before staging a modest recovery into the close, a pattern that underscored the elevated volatility. The heavy turnover during this window suggests sellers were dominant, creating short-term weakness and testing key support levels.

Between 13:45 and 14:06, more than 3.8 million tokens changed hands, coinciding with the sharpest part of the decline. Prices briefly dipped to session lows before bouncing, as buying interest re-emerged to stabilize the market.

By the final minutes, HBAR recovered enough to close near $0.23, signaling that while downside risks remain, short-term support is holding for now.

HBAR/USD (TradingView)

Technical Indicators Analysis

Token declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period.
Trading range of $0.01 represents 4% spread between absolute session high and low.
Resistance level established around $0.24 where institutional buying interest diminished significantly.
Support level emerged near $0.23 with retail buying providing technical floor.
Elevated volume of 85.82 million during final hours confirms institutional distribution patterns.
Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation.
Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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August 20, 2025 0 comments

Crypto Trends

Stellar’s XLM Token Drops 6% as Institutional Selling Intensifies

by admin August 19, 2025

Stellar’s XLM token came under heavy institutional selling pressure between August 17 at 3:00 PM and August 18 at 2:00 PM, sliding from $0.43 to $0.41 in a 6% decline.

Trading volumes during the 24-hour period topped $30 million, representing roughly 7% of daily turnover.

The most notable liquidation event occurred between 1:00 AM and 3:00 AM on August 18, when institutional sellers offloaded more than 60 million tokens. This selloff forced XLM down from $0.42 to $0.41, creating strong resistance at the $0.42 level and defining new support near $0.41.

Despite attempts at recovery, the asset consistently failed to breach the resistance zone, signaling persistent institutional bearishness and leaving XLM vulnerable to further downside.

The final trading hour on August 18 added fresh pressure, as XLM registered a 1% drop between 1:21 PM and 2:20 PM. Institutional selling accelerated between 1:31 PM and 1:42 PM, with corporate liquidations pushing prices from $0.41 to $0.41 on volumes exceeding 2.7 million units.

This flurry of activity confirmed resistance at $0.41 and set a short-term support floor at the same level. Multiple recovery attempts throughout the hour were met with renewed selling pressure, culminating in a stagnant close around $0.41 with minimal volume in the last 20 minutes.

The lack of buying interest highlights the possibility of further weakness should sellers regain momentum.

XLM/USD (TradingView)

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August 19, 2025 0 comments

Crypto Trends

Internet Computer Slides 7% as Institutional Pressure Breaks Support

by admin August 18, 2025

Internet Computer Protocol (ICP) fell over the last 24 hours, losing 7% of its value.

The token dropped to a low of $5.27, breaking through critical support levels and raising concerns about sustained institutional interest in the project, according to CoinDesk Research’s technical analysis data model.

Market data showed ICP falling below the $5.48 support threshold during the early hours of Aug. 18, with trading activity spiking to 708,905 units, nearly double the daily average of 386,248 units. Analysts flagged this pattern as evidence of coordinated selling among large investors and corporate treasury desks. A bounce was short-lived, with the token falling back to $5.29.

The crypto market at large is dealing with bearish pressure following an ignition of concerns over U.S. inflation after last week’s Producer Price Index (PPI) reading for July 2025 was hotter than expected.

A downturn in the broader crypto market can increase selling pressure on tokens like ICP due to a general risk-off sentiment, reduced liquidity, and the tendency of investors to sell more speculative assets first.

Technical Analysis

ICP fell 7% from $5.67 to $5.27 on Aug. 17–18.
Critical support level at $5.48 was breached during early Aug. 18 trading.
Volume surged to 708,905 units, almost double the 24-hour average of 386,248 units.
Recovery attempts failed, with a 1.12% drop from $5.35 to $5.29.
Current price consolidation near $5.29 reflects waning institutional participation.

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August 18, 2025 0 comments

GameFi Guides

Bitcoin Enters Institutional Era: Just 216 Holders Control 30% Of Supply

by admin June 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin saw a sharp retracement to $102,300 after briefly climbing to $106,500 earlier today, as bulls failed once again to break through critical resistance. Sellers are stepping in at key supply zones, pushing back against attempts to enter price discovery above the $112K all-time high. Despite this pressure, Bitcoin remains resilient above the psychologically significant $100K mark, where it has found support since early June.

The latest on-chain data from Gemini and Glassnode reveals a noteworthy structural shift: over 30% of Bitcoin’s circulating supply is now held by just 216 centralized entities. These include exchanges, ETFs, funds, public and private companies, DeFi contracts, and even governments. Exchanges currently hold the largest share, while public companies represent the most numerous holders. This trend highlights the deepening custodial centralization of Bitcoin, raising both adoption optimism and decentralization concerns.

As the macroeconomic backdrop remains volatile—with high US Treasury yields, the Fed holding interest rates, and geopolitical tensions intensifying—Bitcoin’s price action is becoming increasingly sensitive to shifts in sentiment and liquidity. Whether BTC can hold this key support or slide deeper into correction will depend on upcoming volume reactions and potential moves from these dominant custodial players.

Centralization And Geopolitics Shape Bitcoin’s Next Move

Bitcoin is currently down 8% from its $112K all-time high, hovering in a broad consolidation phase with no decisive breakout. The price action suggests that the market is at a critical juncture, with traders split between two possibilities: a deeper retracement toward the $94K level or a renewed push into price discovery. This indecision is amplified by ongoing geopolitical tensions, particularly the escalating conflict between Israel and Iran. Many analysts warn that if the United States steps in, it could trigger panic across global markets, creating spillover effects into the crypto space.

Meanwhile, key insights from Glassnode and Gemini shed light on a growing trend in Bitcoin’s ownership structure. Over 30% of the circulating supply is now held by just 216 centralized entities. This reflects a dual narrative—on one hand, increasing institutional adoption of Bitcoin as a reserve or investment asset, and on the other, rising custodial centralization that may undermine the network’s decentralized ethos.

Bitcoin Treasury Holdings by Entity Type | Source: Gemini & Glassnode on X

The largest holdings belong to crypto exchanges, ETFs, and funds, followed by public and private companies that have allocated BTC to their balance sheets. A notable portion is also locked in DeFi contracts, with some controlled by governments following seizures or strategic acquisitions.

While this growing centralization may boost credibility and capital inflow, it also introduces new risks to liquidity and distribution. In such a fragile macro environment, Bitcoin’s next major move will depend not only on technical setups but also on the behavior of these key holders under pressure.

BTC Price Analysis: Bulls Lose Momentum

Bitcoin has retraced from its recent local high of $106,500 and is now trading around the $103,100 mark, testing a key support level highlighted in yellow on the chart—specifically the $103,600 zone. This level served as resistance earlier in the year and is now acting as a critical demand area during this consolidation phase. A daily or 3-day close below this threshold could signal further downside and open the door for a retest of the $100,000 psychological support.

BTC holds above $100K as it loses momentum | Source: BTCUSDT chart on TradingView

The chart shows lower highs forming since the $112,000 all-time high, which, if continued, may form a descending triangle structure—typically a bearish continuation pattern. Price rejection around $109,300 confirms that sellers remain in control at higher levels. Volume is slightly elevated on red candles, suggesting increased distribution.

The 50 and 100 moving averages (at approximately $94,700 and $87,500, respectively) remain well below the current price, indicating room for further retracement if bearish momentum builds. Still, the broader uptrend remains intact unless price decisively breaks below the $100,000 level.

Bulls need to reclaim $106,500 and close above $109,300 to signal strength. Until then, Bitcoin appears locked in a tightening range, with downside risk increasing in the short term.

Featured image from Dall-E, chart from TradingView

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June 21, 2025 0 comments

Crypto Trends

$184,000,000 Bitcoin Stun Coinbase Institutional as BTC Touches $106,000

by admin June 20, 2025

$693 million in Bitcoin moved to Coinbase and new wallets
Large and small Bitcoin wallets surprise with behavior

While the Bitcoin price has briefly surpassed the $106,000 level, whales started showing higher activity and began moving large amounts of BTC, according to Whale Alert.

Close to two hundred million dollars has been sent to Coinbase’s institutional branch. Besides, new whales also began accumulating Bitcoin using OTC platforms.

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$693 million in Bitcoin moved to Coinbase and new wallets

Blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers and then shares the details with the community via social media, has spotted several massive Bitcoin transfers conducted over the past few hours.

Half of them were deposits to major U.S.-based crypto exchange Coinbase Institutional. Whale Alert states that 1,200 BTC and 533 BTC were transferred there within a single hour, and these crypto chunks were worth $127,221,164 and $56,532,596, together adding up to slightly more than $184,000,000.

Before that, the same source detected two even bigger transactions, as 3,179 BTC and 1,700 BTC were moved from anonymous addresses to new blockchain wallets. These crypto lumps were valued at $331,733,132 and $177,346,339, respectively. Thus, it was either whales just redistributing their Bitcoin holdings to new wallets or completely new whales accumulating BTC via OTC deals.

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Large and small Bitcoin wallets surprise with behavior

According to a recent report published by popular on-chain data aggregator Santiment, top and small Bitcoin wallet owners now seem to be moving it totally different directions. The report was published earlier today, when Bitcoin was moving in the $104,000 zone.

What Santiment called “elite” wallets (holding more than 10 Bitcoins) have begun to rapidly increase — over the past 10 days, the growth has constituted 0.15%, which is plus 231 new wallets. As for small addresses, holding between 0.001 and 10 Bitcoins, Santiment has observed a 0.15% decline as its total amount has suddenly dropped, losing 37,465 BTC wallets.

📊 Bitcoin’s elite vs. mortal wallets are moving in two different directions as its market value sits just north of $104.3K.

🐳 Wallets with 10+ $BTC: +231 Wallets in 10 Days (+0.15%)
🦐 Wallets with 0.001 to 10 $BTC: -37,465 Wallets in 10 Days (+0.15%)

When large wallets… pic.twitter.com/uhZf6rPYvq

— Santiment (@santimentfeed) June 19, 2025

This means that while retail wallets are losing confidence and exiting the market, large wallets continue accumulating. Santiment underscored that this is a definite historical sign of bullish momentum inevitably coming back to crypto markets. By now, Bitcoin has managed to retake the $106,000 mark and is trading above it.

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June 20, 2025 0 comments

Crypto Trends

Why Ethereum should not be ignored amidst massive institutional capital inflows

by admin June 19, 2025

Ethereum has amassed $425 million in capital from SharpLink Gaming’s treasury allocation. The largest altcoin has attracted large volumes of institutional capital inflows to ETFs in the past week. Whales and institutions have attempted to reinstate confidence among traders, however the process has proven painfully slow.

We dive deeper and find out why traders are not buying Ethereum’s (ETH) new narrative and what it will take for ETH to break out of the consolidation and hit a new all-time high this cycle.

Ethereum ETF flows and whale accumulation

Ethereum Spot ETFs have attracted consistently large inflows from institutional investors in the last four weeks. Data from crypto intelligence tracker SoSoValue shows that the daily total netflow to Ethereum ETFs exceeds $11 million.

Ethereum ETFs recorded a large spike on June 11 with a daily net inflow that exceeds $240 million. This week the inflows have been relatively below average, expected to pick up in the latter half, amidst recent bullish developments.

Ethereum net inflows | Source: SoSoValue

Data from crypto intelligence tracker Glassnode shows that the daily whale accumulation has exceeded 800,000 Ether. The Ethereum holdings of whales that own 1,000 to 10,000 Ether have exceeded 14.3 million Ether, as of June 16. June 12 alone recorded the highest daily net inflow, where large wallet investors added over 871,000 Ether.

Ethereum whale net position change for addresses holding between 1K and 10K ETH | Source: Glassnode

Crypto analysts at Cryptorank observed that the scale of whale accumulation seen in this cycle is unusual and has not been seen since the beginning of the bull run in 2017. Starting H2 2024, whales have been accumulating ETH, with the trend rising sharply in the last four weeks, supporting a bullish thesis for Ether.

Whale accumulation of Ethereum | Source: Cryptorank

Trump Media and Technology Group (DJT), an American technology giant headquartered in Florida boasts US President Donald Trump as a majority owner. The company filed for a dual Bitcoin and Ethereum ETF on June 16, with a 75% allocation to BTC and 25% to ETH.

In its SEC filing, Trump Media listed Crypto.com as its custodian and liquidity provider, pending regulatory approval. If the US financial regulator approves the product, it would be the first dual-spot crypto ETF backed by the President of the United States.

Experts believe Ethereum’s inclusion in the dual ETF is not a mere coincidence, rather a show of confidence amidst the rising institutional interest in Ether. World Liberty Financial, another entity backed by the Trump family, has slowly reduced its exposure to Ether since its launch, raising concerns whether the Ethereum allocation is a gesture at best; there is no data on the private crypto holdings of Trump family members.

Why traders aren’t buying the new Ethereum narrative

The Trumps showed their support for Ethereum, ETH received a $425 million capital allocation, but market participants remain largely unmoved. It almost seems like traders aren’t buying the new Ethereum narrative.

SharpLink bought 176,000 Ether for $425 million, and allocated the altcoin to their treasury. While the firm became the largest corporate holder of Ether, it ushered in a steep decline in its stock price.

SharpLink Gaming stock performance | Source: Yahoo Finance

SharpLink Gaming’s filing likely confused shareholders and led to the correction. Irrespective, there is a lack of confidence among market participants, and neither Ethereum’s price nor SBET has recovered since the announcement.

Joe Lubin and executives from Consensys have attempted to publicly reassure stockholders and ETH traders; however, the stock is down 4.47% since the market opened on Wednesday.

At a time when the Ethereum Foundation has worked on its narrative, changed the leadership, organizational goals and Vitalik Buterin shifted focus to technical development. So far, there is no significant impact on ETH price, and the altcoin is consolidating close to key support at $2,400.

Ethereum believers have added the SharpLink treasury’s purchase as a key catalyst for Ether, alongside institutional interest in Ether, the changed roadmap and upcoming technical upgrades.

Evidence is in the on-chain data. With no significant spike in active addresses, staking growth or the token’s price, Ether struggles at the time of writing.

Ethereum price forecast

Ethereum is trading at $2,501, above key support at the $2,373 level on Wednesday. ETH is less than 10% away from the upper boundary of the FVG on the daily timeframe, at $2,743. A daily candlestick close above this level could push Ether towards $3,000, a psychologically important level for the altcoin.

Two key momentum indicators, RSI and MACD suggest further consolidation is likely in the short-term. RSI reads 47, slightly under the average, and MACD flashes red histogram bars under the neutral line, meaning there is an underlying negative momentum in the Ether price trend in the ETH/USDT daily price chart.

ETH/USDT daily price chart | Source: Crypto.news

Sui Chung, CEO of CF Benchmarks told Crypto.news in a written note,

“Ethereum appears to be having its AWS moment — quietly but decisively establishing itself as the foundational settlement layer for on-chain financial infrastructure. We’re witnessing this transformation unfold in real time, and recent regulatory and market developments are accelerating the shift.

The SEC’s recent pivot on DeFi regulation is the latest in a string of positive developments that can act as an entry signal for institutions that have hitherto remained on the sidelines. But this isn’t just about price.

The broader context matters. The SEC’s softer stance, the success of Circle’s IPO, and stablecoin adoption by major e-commerce platforms are coalescing into a perfect storm. Ethereum is no longer just a “crypto” story — it’s becoming indispensable infrastructure. t’s not about “blockchain” anymore — not in the abstract. It’s about industrial-grade, programmable money systems. And Ethereum is leading the charge.”

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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June 19, 2025 0 comments

Crypto Trends

Ethereum Wins Big In ETF Race As Institutional Cash Pours In

by admin June 14, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US spot Ethereum ETFs have attracted a surge of new capital this week, drawing in 154,000 ETH over the last seven days—about five times their recent weekly average. By contrast, Bitcoin funds managed just 7,800 BTC in the same period.

That gap points to growing interest in Ethereum’s broader uses, from DeFi to staking rewards, as big investors rethink their crypto allocations.

Rising ETF Inflows Point To Shifting Bets

Based on reports, June 11 was a standout day for Ethereum. Spot ETFs pulled in a record 77,000 ETH in a single session, marking the highest daily total for the token so far this month.

Investors are watching as the price edges closer to the $3,000 mark. A push past that level could spur more buying, especially if inflows stay strong.

$ETH spot ETFs are heating up. This week alone, they’ve seen 154K #ETH in inflows – 5x higher than their recent weekly average. For context: the biggest single-day $ETH inflow this month was 77K #ETH on June 11th. pic.twitter.com/8Xlerbc6GX

— glassnode (@glassnode) June 13, 2025

Ethereum Staking Adds Appeal

Another factor at play is staking. Holders can lock up ETH to help secure the network and earn rewards. Word is spreading that some ETFs may soon offer staking‑enabled shares.

That setup could make Ethereum products more attractive than Bitcoin funds, where staking isn’t an option. Yield‑hungry buyers may find that extra boost hard to resist.

Ethereum’s second‑layer solutions are also drawing attention. Protocols like Optimism and Arbitrum are cutting fees and speeding up transactions. That improvement is pulling more developers and users into the fold.

As these rollups gain steam, the network’s real‑world usability keeps climbing. For portfolio managers, that growing ecosystem can look like a strong reason to back ETH.

ETH is now trading at $2,533. Chart: TradingView

Bitcoin Flows Lag Behind

Bitcoin still dominates in total ETF assets, but inflows have been flat lately. The 7,800 BTC added this week barely tops the week’s usual figure and falls short of May 23’s one‑day high of 7,900 BTC.

In early June, some funds even saw redemptions, making flows jump around from day to day. That volatility may be pushing some institutions to explore alternatives.

Image: SKapl/iStockphoto/Getty Images

Analysts point out that investors are hunting for tokens with real‑world uses and upside potential. Ethereum’s role in decentralized finance, non‑fungible tokens and smart contracts gives it a multi‑purpose edge.

Bitcoin’s draw as a store of value still matters, but that single use case may feel limited compared with ETH’s broader toolkit. If ETF momentum stays with Ethereum, we could see more money rotate in its direction.

Featured image from Unsplash, chart from TradingView

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June 14, 2025 0 comments

Crypto Trends

Binance CEO Drops Bombshell on Institutional Crypto Surge

by admin June 12, 2025

According to Binance CEO Richard Teng, the way institutions are talking about crypto has changed. They are not asking if they should get involved anymore. They are working out how.

Teng said, in a short post that has been making the rounds on X, that the next decade will not be about speculation or hype but about integrating crypto into the core of how finance works.

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The Binance boss’s comments come at a time when several major companies show that institutional adoption is not just something that is going to happen in the future — it is already happening.

Moody’s and Alphaledger just finished a live test where they put credit ratings into tokenized municipal bonds issued on the Solana blockchain. This is the first time a top-tier ratings agency has looked at tokenized debt on a public chain.

Major institutions are no longer asking whether to engage with crypto, but how.

Custody solutions, ETFs, and blockchain infrastructure show this technology is here to stay.

The next decade will be about integration at scale.

— Richard Teng (@_RichardTeng) June 12, 2025

Meanwhile, Strive Asset Management, cofounded by Vivek Ramaswamy, has raised $750 million, with plans to double that through acquisitions of distressed Bitcoin-linked debt, including claims related to Mt. Gox.

It is a big bet on the long-term value of crypto assets that are considered institutional grade, and it shows that big players are getting comfortable with even the most complex crypto exposure.

Crypto winter? No more

Teng’s comments align with what Michael Saylor, who is well-known for his aggressive Bitcoin accumulation, recently said we may be past the era of long crypto winters. With government support increasing and regulations catching up, he thinks institutional momentum will drive the space forward.

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A new Coinbase survey backs that up too — 83% of institutional investors say they plan to increase their crypto exposure in 2025.

Basically, Teng is not making a prediction. He just confirms what someone already knows, but most probably missed — the institutional crypto shift is already happening.

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June 12, 2025 0 comments

Crypto Trends

Bitcoin Institutional Holdings Surge To 31% Of Total Supply

by admin June 12, 2025

Almost a third of the Bitcoin supply is held and controlled by centralized treasuries, and early adopters hold a disproportionate share, according to recent research by Gemini and Glassnode.

Centralized treasuries, including governments, exchange-traded funds, and public companies, now control 30.9% of the circulating supply of Bitcoin (BTC), “signaling a growing shift toward institutional-grade infrastructure,” noted researchers in a report on Wednesday.

The total Bitcoin held across major institutional and custodial entities has surged to 6.1 million BTC, worth around $668 billion at current prices, representing an increase of 924% in supply held by these entities over the past decade, they reported.

The surge in BTC holdings by treasuries, governments and institutional funds indicates that these entities view the asset as a strategic store of value, they stated.

“During the same period, the spot price of Bitcoin has climbed from under $1,000 to over $100,000, reinforcing the thesis that institutions increasingly view Bitcoin as a strategic asset.” Centralized entity BTC holdings by type. Source: Gemini

Centralized exchanges hold lion’s share

However, the chart includes centralized exchanges that hold around half of that figure, and these assets may be held for individual customers and retail investors.

The report also observed that across all institutional categories, the top three entities control between 65% to 90% of total holdings, “signaling that early adopters continue to shape institutional market structure.”

This concentration is most apparent in DeFi, public companies, ETFs and funds, it noted.

Related: New Bitcoin treasuries may crack under price pressure

“In contrast, private company holdings appear more distributed, reflecting a broader base of engagement,” the researchers stated.

Earlier this month, Cointelegraph reported that 61 publicly listed companies hold over 3% of the total Bitcoin supply.

Top entities by BTC holdings share. Source: Gemini

Sovereign treasuries can influence markets

The research also found that sovereign treasury wallets “show infrequent movement and little correlation with Bitcoin’s price cycles.” However, they hold enough of the asset to impact markets when coins are moved or sold.

It cited government treasuries of the United States, China, Germany and the United Kingdom, where most BTC is acquired through legal enforcement actions rather than market participation.

“These holdings represent a structurally distinct class—dormant, but capable of moving markets when activated.”

Transformation to institutional maturity

The report concluded that with almost a third of Bitcoin’s circulating supply now held in centralized treasuries, “the market has undergone a structural transformation toward institutional maturity.”

“Although Bitcoin remains a risk-on asset, its integration into traditional finance has made price action more reliable and less driven by speculative extremes,” they said.

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June 12, 2025 0 comments