💎 Institutional 'diamond hands'

Institutions held EFT positions through bitcoin's 50% drop — plus Circle doubles in a month and the Foundation's new mandate divides the community. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monday, March 16, 2026 Institutions had 'diamond hands' during bitcoin's 50% plunge, Bitwise's Matt Hougan says ▲ Institutional investors largely held onto their bitcoin ETF positions despite a roughly 50% price drop since October 2025, according to Bitwise CIO Matt Hougan ▲ Hougan argues that because bitcoin is still a non-consensus asset, institutions willing to allocate face career risk — making their conviction unusually high and their capital "very sticky" even in volatile markets ▲ Citing this resilience, Hougan reaffirmed his long-term outlook that bitcoin could reach $1 million if the global store-of-value market continues to expand Read the full story → Tune in to Public Keys, a new show by CoinDesk Mondays at 1PM EST Additional coverage Circle is up 100% in a month: Why this 'boring' stablecoin stock is suddenly the hottest trade in crypto The stablecoin issuer has rallied as analysts point to growing demand for USDC, a higher interest-rate environment, and the rapid expansion of tokenized assets. Read more → Ethereum Foundation's new mandate sparks debate about its role, priorities Supporters say the document reinforces the network's core principles. Critics argue the mandate signals the Foundation intends to take a backseat just as institutional interest in blockchain is accelerating. Read more → See all of CoinDesk's newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.