According to BlockBeats, on November 16, Trader T posted on social media that Bitcoin spot ETFs became more and more institutional in the third quarter:
In Q3, BlackRock IBIT had 639 institutional holders, up 10% from the previous quarter. Institutional holders held 148 million shares, up 19% from the previous quarter.
In Q3, there were 316 institutional holders of Fidelity FBTC, a 4% increase from the previous quarter. Institutional holders held a total of 50.4 million shares, a 4% decrease from the previous quarter.
In Q3, Bitwise’s BITB had 140 institutional holders, up 0% from the previous quarter. Institutional holders held 15.8 million shares, up 7% from the previous quarter.