Odaily Planet Daily News HC Wainwright analysts said that by the end of the second quarter of 2024, the proportion of institutional holdings in US spot Bitcoin ETFs rose to 24%. According to the latest 13-F filings and data compiled by Coinbase, 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 US$51.8 billion, but still achieved growth due to the decline in Bitcoin prices and new institutional investors including Goldman Sachs (holding US$412 million in ETF shares) and Morgan Stanley (holding US$188 million).