Institutional Bitcoin ETF holdings fell in Q1 2025—the first decline since their US debut. CoinShares data shows a 23% drop to $21.2 billion, driven partly by Bitcoin’s 11% price correction but also by active selling.
Financial advisers were a rare bright spot, increasing exposure slightly. Meanwhile, corporate Bitcoin adoption has moved away from ETFs and toward treasury reserves, signaling a strategic, long-term approach.
The shift comes as BlackRock’s IBIT posted its biggest single-day outflow ($430M) on May 30, ending a 31-day inflow streak. The data suggests institutional appetite may be waning as new buyers emerge.
