PANews reported on August 27 that according to Bitcoin Magazine, investment advisors bought a net of $1.1 billion in spot Bitcoin ETFs in the second quarter of this year, consolidating their position as important holders. Although the price of Bitcoin fell in the second quarter, the absolute value of Bitcoin ETFs owned by investment advisors increased to $4.3 billion at the end of the second quarter, indicating that the acceptance and adoption of Bitcoin ETFs continue to increase.