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

Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, as Russia Looks to Regulate Crypto
Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, as Russia Looks to Regulate Crypto Following price consolidation on Tuesday, bitcoin prices rebounded on hump-day, as market
Arijit Sarkar1 hour agoCanada flags concern on AI-generated deepfake disinformation campaignsThe Canadian agency also noted privacy violations, social manipulation and bias among the concerns that AI raises.185 Total vie
Brazil Approves First Latam Based Ethereum ETF
Brazil Approves First Latam Based Ethereum ETF Regulators from the CVM, the securities watchdog of Brazil, have approved the first Ethereum-based ETF in Latin Am
BNB Was the Top Ten’s Best Market Performer in Q2, Bitcoin Takes Second Place — Solana Performed the Worst
BNB Was the Top Ten"s Best Market Performer in Q2, Bitcoin Takes Second Place — Solana Performed the Worst With the first half of the year gone, statistics from the second quarte
Grayscale launches investment fund for MakerDAO token
Alex O’Donnell10 hours agoGrayscale launches investment fund for MakerDAO tokenGrayscale also launched funds for protocols Bittensor and Sui in August.1271 Total views3 Total sharesListen to article 0:00NewsOwn this pi
Privacy Options Underutilized in Cryptocurrency Usage: Report
Privacy Options Underutilized in Cryptocurrency Usage: ReportAdvances in cryptography have not met with user enthusiasm, suggesting a disconnect between the cryptocurrency community
Crypto Exchange Binance Terminates Some Services in South Africa After Warning by Regulator
Crypto Exchange Binance Terminates Some Services in South Africa After Warning by Regulator Binance has announced that it is terminating some services in South Africa to comply wit
William Suberg13 hours agoBitcoin to the moon! Top 5 BTC price predictions for 2024 and beyondBitcoin is due to hit $45,000 by the end of 2023, with post-halving BTC price targets reaching a giant $250,000.21427 Total vi
Best Meme Coins to Buy as Large Whale Buying Hints at an Upcoming Litecoin Rally
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
On The Brink: Ethereum Challenges Descending Channel, Targets $3,000 Price
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
Fox Entertainment’s Blockchain Arm Drops NFT Market Dedicated to Hit TV Series The Masked Singer
Fox Entertainment"s Blockchain Arm Drops NFT Market Dedicated to Hit TV Series The Masked Singer Fox Entertainment and Blockchain Creative Labs (BCL) has announced the launch of ma
China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out
China"s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out A regional report from China indicates that bitcoin mining rig manuf