$BTC - Bitcoin has a dual identity for major institutional investors.

Bitcoin.com News reports that these investors often pair bitcoin with gold.

A survey of 15 large institutions by Bitwise Asset Management found they largely keep bitcoin in a technology bucket alongside other crypto assets. Bitwise sponsors and manages BTC ETFs.

The results suggest reporting frameworks still blend bitcoin's monetary role with its crypto classification; allocation sizes and survey timing weren't provided.

#Institutional #ETF