2024

Bitcoin

Hedge

Coin

<ul class="wp-block-list news-points"> 
 <li>Advisor interest in Bitcoin ETFs increases, with major firms like Goldman Sachs and Morgan Stanley boosting their holdings.</li> 
 <li>Hedge funds reduce their exposure to Bitcoin ETFs, shifting their strategies.</li> 
 <li>Despite Bitcoin price volatility, institutional inflows into U.S. spot Bitcoin ETFs surged in Q2 2024.</li> 
</ul> 
A <a href="https://www.coinbase.com/en-de/institutional/research-insights/research/weekly-market-commentary/weekly-2024-08-16" target="_blank" rel="nofollow">market study</a> by Coinbase analysts reveals that advisor interest in Bitcoin spot ETFs is increasing while hedge funds are reducing their exposure. The report highlights that institutional inflows into U.S. spot Bitcoin ETFs surged in Q2 2024 even as Bitcoin prices experienced significant volatility. 
Major investment advisors, including <a href="https://coinedition.com/goldman-sachs-embraces-bitcoin-etfs-invests-418-million/">Goldman Sachs</a> and Morgan Stanley, have boosted their holdings in Bitcoin ETFs, holding $412 million and $188 million, respectively. Both likely hold shares on behalf of clients through their private banking and wealth management divisions. 
Coinbase emphasizes that the proportion of institutional holders classified as ‘investment advisors’ rose from 29.8% to 36.6%, representing an increase from 6% to 9% of total shares. In contrast, the percentage of hedge fund holdings among institutions declined from 37.7% to 30.5%, droppin…
The post <a href="https://coinedition.com/bitcoin-etfs-gain-favor-with-advisors-hedge-funds-less-enthusiastic/">Bitcoin ETFs Gain Favor with Advisors, Hedge Funds Less Enthusiastic</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin ETFs Gain Favor with Advisors, Hedge Funds Less Enthusiastic

Coin Edition

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