Institutional adoption of @Bitcoin is accelerating. Our analysis of Q4 2025 shows growing exposure to spot Bitcoin ETFs from endowments, pensions, and governments, while hedge funds, asset managers, and wealth advisors have trimmed theirs. The data reveals who is allocating and how institutional positioning is evolving. Read @bc1matt’s full report: https://coinshares.com/insights/research-data/13f-fillings-of-bitcoin-etfs-q4-2025-institutional-report/?utm_source=twitter&utm_medium=social&utm_campaign=Research-data_NA_11032026&utm_content=carousel_NA_bitcoin-institutional-adoption(CoinShares)