Bitcoin ETF

Bitcoin

During the second quarter of 2024, 66% of institutional investors either held or increased their Bitcoin holdings through US-based spot exchange-traded funds (ETFs), according to Bitwise. The SEC Form 13F filings show that 44% of asset managers upped their Bitcoin ETF positions, while 22% maintained their holdings. 
A minority of investors decreased their exposure, with 21% trimming their holdings and 13% selling out. Bitwise’s chief investment officer, Matt Hougan, noted that these numbers are similar to other ETFs, describing it as “a pretty good result.” 
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 Source: <a href="https://x.com/Matt_Hougan/status/1823862825577844953" target="_blank" rel="noreferrer noopener nofollow">X</a>
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Despite the 5% loss in value of Bitcoin over the three months under review, institutional acceptance of Bitcoin ETFs did not wane. Hougan observed that the number of holder/ETF pairs rose from 1,479 in Q1 to 1,924 in Q2, an increase of 30%, and attributed this to institutional investors who do not panic during volatilities. 
Hougan noted that big hedge funds such as Millennium, Schonfeld, Boothbay, and Capula own ETFs, as do a range of advisers, family offices, and other institutions. 
On August 14, in a 13F filing, Morgan Stanley disclosed that it held more than 5.5 million shares of BlackRock’s iShares Bitcoin Trust, worth $188m, ranks it as a top-five fundholder. Goldman Sachs also disclosed that it had over $238 million invested in IBIT and other spot Bitcoin ETFs. 
This is a positive sign because the market volatility has not deterred institutional investors from investing in Bitcoin ETFs, and other players such as wealth managers and pensions are expected to follow suit. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/15/morgan-stanley-invests-188-million-in-bitcoin-etf/" target="_blank" rel="noreferrer noopener">Morgan Stanley Invests $188 Million in Bitcoin ETF</a> 
</blockquote>

Two-thirds of Institutions Raised Bitcoin ETF Holdings in Q2

The Crypto Times

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