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Key Takeaways
- 218 net institutional entities exited Bitcoin ETF positions in Q1.
- Advisor holdings grew 24.9K BTC year-on-year through the full cycle.
- Citi disclosed its first ever Bitcoin ETF position in Q1 2026.
- Hedge funds and brokerages together shed 50.2K BTC in one quarter.
Professional Bitcoin ownership through US spot ETFs entered Q1 2026 having never faced a sustained price drawdown since the products launched in January 2024. From near zero at launch, 13F filings tracked by CoinShares showed consistent institutional accumulation through each quarter as Bitcoin climbed toward its $126,000 cycle high. Q1 2026 delivered the first genuine test of that conviction.
Bitcoin retraced from approximately $120,000 at the start of Q1 to around $72,000 by quarter close, a drawdown of roughly 40% within the measurement window. Against that backdrop, Read Entire Article
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