Institutional Bitcoin ETF Holdings Rise Despite Price Drop in Q2 2024

Institutional Bitcoin ETF Holdings Rise Despite Price Drop in Q2 2024

In the second quarter of 2024, about 66% of institutional investors either maintained or increased their Bitcoin holdings through U.S.-based spot exchange-traded funds, according to Bitwise. 13F filings with the SEC reveal that 44% of asset managers upped their Bitcoin ETF positions during this period, while 22% kept their holdings unchanged. Only 21% reduced their positions, and 13% exited altogether. Bitwise CIO Matt Hougan remarked on X on...

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