Analyst: Bitcoin ETF institutional holdings reached 24% last quarter, up from 21.4% in the first quarter
HC Wainwright analysts said that by the end of the second quarter of 2024, institutional holdings of US spot Bitcoin ETFs will rise to 24%. According to the latest 13-F filings and data compiled by CEX, this proportion is higher than 21.4% in the previous quarter. Despite the challenging market environment, the total assets under management of these ETFs fell 13% month-on-month to $51.8 billion, but still achieved growth due to the decline in Bitcoin prices and new institutional investors including Goldman Sachs (holding $412 million in ETF shares) and Morgan Stanley (holding $188 million).
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