Bitwise Says a Sovereign Wealth Fund Is Selling Gold to Buy Bitcoin as BTC Waves Bullish Flag

By Michael Adeleke

Bitcoin vs gold in 2026

Key highlights:

  • A Bitwise report found that at least one sovereign wealth fund has been selling gold to buy Bitcoin
  • No institution surveyed cut its Bitcoin holdings despite its price drop
  • CryptoQuant’s Bull Score rose to 90/100 after BTC closed above its 365-day MA

A national sovereign wealth fund has been trading

This slowdown comes after a stretch of strong buying that helped the coin beat key price levels. U.S. spot Bitcoin ETFs pulled in $2.39 billion in inflows last week, with every trading session ending in net positive inflows.

Source:: Bitwise Says a Sovereign Wealth Fund Is Selling Gold to Buy Bitcoin as BTC Waves Bullish Flag