Fun

Two-thirds of institutional Bitcoin ETF holders held or bought more in Q2

News Feed - 2024-08-15 01:08:44

Martin Young4 hours agoTwo-thirds of institutional Bitcoin ETF holders held or bought more in Q2Over 44% of asset managers increased their Bitcoin ETF holdings, while 22% held their position, which was a “pretty good result,” according to Bitwise’s investment chief.1599 Total views23 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onAround 66% of institutional investors held or increased their Bitcoin holdings via United States-based spot exchange-traded funds (ETFs) during the second quarter, according to Bitwise. 


According to 13F filings with the US Securities and Exchange Commission, 44% of asset managers increased their Bitcoin (BTC) ETF positions in the second quarter, while 22% held steady.


Only 21% decreased their positions, and 13% exited, which is “a pretty good result, on par with other ETFs,” commented Bitwise chief investment officer Matt Hougan in an Aug. 15 X post.


The SEC Form 13F is a quarterly report that is required to be filed by all institutional investment managers with at least $100 million in assets under management.


Q2 of 2024 was bullish for spot Bitcoin ETFs despite the asset value declining by 14.5% over the three months. Hougan added:“Institutional investors continued to adopt Bitcoin ETFs in Q2. The trend is intact.”


Hougan observed 1,924 holder/ETF pairs across all 11 funds, up from 1,479 in Q1. “That’s a 30% increase; not bad considering prices fell in Q2,” he stated.


He also said that institutional investors were mostly “diamond hands” and did not panic sell as retail does when volatility increases.“If you thought institutional investors would panic at the first sign of volatility, the data suggest otherwise. They’re pretty steady.”


Hougan noted that hedge funds, such as Millennium, Schonfeld, Boothbay and Capula, were “big players” in terms of top ETF holders. However, there are a large number of advisers, family offices and select institutional investors, too, he said, concluding:“ETFs are a big tent that attracts a wide variety of investors. It’s kind of great to see Millennium nestled up against the State of Wisconsin in these ETF filings. Over time, I’d like to see wealth managers and pensions account for a growing share.”Spot Bitcoin ETF fund flows turn negative again. Source: Farside Investors


Related:Morgan Stanley discloses $188M in BlackRock Bitcoin ETF holdings


In a 13F filing on Aug. 14, investment bank Morgan Stanley reported owning 5,500,626 shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of June 30, which were valued at $188 million at the time. This position makes Morgan Stanley a top-five fundholder.


Investment giant Goldman Sachs also reported exposure to more than $238 million in shares of IBIT and other spot Bitcoin ETFs.


Magazine:How crypto bots are ruining crypto — including auto memecoin rug pulls# Bitcoin# Bitcoin ETF# ETFAdd reaction

News Feed

Is $100,000 Bitcoin Possible? Analyst Breaks Down Major Catalysts
Este artículo también está disponible en español. As Bitcoin (BTC) edges closer to the $70,000 mark, the crypto community is abuzz with predictions of a potential surge t
Gemini Raises $400 Million in Growth Equity Funding Round; Metaverse Clash Incoming
Gemini Raises $400 Million in Growth Equity Funding Round; Metaverse Clash Incoming Gemini, the regulated cryptocurrency exchange founded by the Winklevoss Twins, has raised $400 m
Bitcoin, Ethereum Technical Analysis: Crypto Bears Keep BTC Below $30,000
Bitcoin, Ethereum Technical Analysis: Crypto Bears Keep BTC Below $30,000 Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets.
Anomus Private Round Closes With Uber-Subscribed Sales
Anomus Private Round Closes With Uber-Subscribed Sales sponsored IDO Will Follow On November 26th Anomus has been a well-anticipated project t
Bitcoin Recovery Fueled By Almost $19 Billion In Crypto Inflows, Data Shows
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Dow Jones Forecast: Watch Fed Minutes for Proof of Dovish Rebellion
TwitterFacebookLinkedInAs the Dow Jones scrambles to move past last week"s roller-coaster, scrutinize the Fed minutes for proof of a dovish rebellion. | Source: ANDREW CABALLERO-REYNOLDS / AFP
US manufacturing firms are flocking to the metaverse — WEF
Ciaran Lyons7 hours agoUS manufacturing firms are flocking to the metaverse — WEFAccording to the World Economic Forum, the automotive, energy, software, aerospace and defense industries are leading the way for industr
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month Following the aftermath of the Terra blockchain fiasco, decentralized finance (d
Turner Wright4 hours agoFormer Celsius exec pleads guilty to criminal chargesRoni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11
Bitcoin maxis are about to kick off the altseason as BTC turns institutional
Lucas Kiely4 hours agoBitcoin maxis are about to kick off the altseason as BTC turns institutionalAs the Bitcoin behemoth grows, we should expect some of the original OGs to depart in search of decentralized alternatives
XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout
Este artículo también está disponible en español. XRP is currently at a critical juncture, trading at a key level after breaking its all-time high just eight days ago. De
Can ETH price crack $3.5K? Ethereum ETF debut will precede new highs, analysts say
Zoltan Vardai7 hours agoCan ETH price crack $3.5K? Ethereum ETF debut will precede new highs, analysts sayEther could set a new all-time high after the debut of the first spot Ether ETFs, but $3,500 remains a significant