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Hedge funds sell 31,400 BTC in Q1 while banks double Bitcoin ETF holdings amid market dip

Market News
06 Jun 2026
Crypto Briefing
View Source
Neutral
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In Q1 2026, hedge funds sold 31,400 BTC worth of spot Bitcoin ETFs, reducing their holdings by 39%, while banks like JPMorgan and Wells Fargo doubled their Bitcoin ETF positions by adding over 7,800 BTC. Overall, institutional Bitcoin ETF holdings dropped 17% in BTC terms and 35% in dollar value, partly due to Bitcoin's 22% price decline. The sell-off mainly came from hedge funds and brokerages, while investment advisors held steady. This split reflects leveraged players exiting during volatility, with more stable institutions buying the dip.

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