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

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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