Bitcoin ETF

Bitcoin

TRON

Spot

Despite declining Bitcoin prices and a challenging market environment, institutional ownership of U.S. spot Bitcoin ETFs increased last quarter. 
Institutional ownership of U.S. spot Bitcoin <a href="https://crypto.news/tag/ETF/" target="_blank" data-type="link" data-id="https://crypto.news/tag/ETF/" rel="noreferrer noopener">ETFs</a> rose to 24% by the end of the second quarter of 2024, according to analysts from H.C. Wainwright. This is up from 21.4% in the prior quarter, according to newly released 13-F filings and data aggregated by <a href="https://crypto.news/tag/Coinbase/" target="_blank" data-type="link" data-id="https://crypto.news/tag/Coinbase/" rel="noreferrer noopener">Coinbase</a>.&nbsp; 
This growth occurred despite a challenging market environment that saw the total assets under management for these ETFs drop 13% quarter-over-quarter to $51.8 billion, driven by declining Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noreferrer noopener">BTC</a>) prices. 
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 <picture loading="lazy" decoding="async" class="wp-image-14292758" style="width: 100%;height:auto"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/08/Screenshot-2024-08-20-at-10.01.08-AM.png.webp"> 
 <img loading="lazy" decoding="async" width="1708" height="1048" src="https://crypto.news/app/uploads/2024/08/Screenshot-2024-08-20-at-10.01.08-AM.png" alt="Analyst: Institutional ownership of Bitcoin ETFs reached 24% last quarter - 26"> 
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 Source: Farside Investors and Coin Metrics. Graph source: H.C. Wainwright
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Among the most notable new institutional investors were <a href="https://crypto.news/tag/goldman-sachs/" target="_blank" data-type="link" data-id="https://crypto.news/tag/goldman-sachs/" rel="noreferrer noopener">Goldman Sachs</a>, with $412 million in ETF shares, and Morgan Stanley, with $188 million, though a portion of these assets is likely held for clients. 
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<h2 class="wp-block-heading" id="bitcoin-etf-inflows">Bitcoin ETF inflows</h2> 
Spot Bitcoin ETFs <a href="https://crypto.news/spot-bitcoin-etfs-log-62m-in-inflows-ether-etfs-continue-3-day-outflow-streak/" target="_blank" rel="noreferrer noopener">saw a significant inflow</a> of $61.98 million on Aug. 19, led by BlackRock’s IBIT with $92.7 million. This was despite some ETFs like Bitwise’s BITB and Invesco Galaxy’s BTCO experiencing outflows. The total cumulative inflows for Bitcoin ETFs have now surpassed $17.4 billion. 
Investment advisors now account for 36.6% of total institutional holdings in spot Bitcoin ETFs, up from 29.8% in the first quarter, while hedge fund holdings decreased to 30.5% from 37.7%. 
Despite these market fluctuations, spot Bitcoin ETFs experienced $2.4 billion in net inflows during the quarter, signaling sustained institutional interest in the crypto space. 
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Analyst: Institutional ownership of Bitcoin ETFs reached 24% last quarter

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