At least one sovereign wealth fund sells gold to buy Bitcoin, Bitwise reports

Bitwise reports that at least one sovereign wealth fund has sold gold to fund a Bitcoin purchase, signaling potential institutional acceptance of Bitcoin as an alternative reserve asset. The report suggests some sovereign investors may be reallocating from traditional safe-haven holdings toward Bitcoin’s perceived long-term growth and diversification benefits. However, the claim is not independently identified or corroborated in the available source, so its scale and broader market impact remain uncertain.