Sovereign funds are buying BTC while retail investors continue to sell

Odaily Planet Daily News John D'Agostino, head of institutional business strategy at Coinbase, said that in April 2025, sovereign wealth funds are increasing their holdings of Bitcoin through ETFs and spot markets, while retail investors are reducing their holdings. He pointed out that institutions regard BTC as a safe-haven asset against inflation, with characteristics similar to gold. At present, countries such as El Salvador and Bhutan have included Bitcoin in their foreign exchange reserves, and some state governments in the United States are also promoting relevant legislation. Among listed companies, the trend of corporate currency holdings led by MicroStrategy (now renamed Strategy) has been imitated by many companies. Data shows that the market value of Bitcoin has recently surpassed Google and ranked among the top five assets in the world. The current BTC price remains above $90,000. (Cointelegraph)