机构持有大饼总量近一半，并不是近一半机构持有大饼！目前持有大饼的知名投行仍然是凤毛菱角，可能是代客户持有，例如摩根大

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Institutions hold nearly half of the total Bitcoin, but it does not mean that nearly half of the institutions hold Bitcoin! Currently, well-known investment banks that hold Bitcoin are still rare, and they may hold it on behalf of their clients. For example, JPMorgan Chase holds $1.16 trillion in US stocks, but only holds $760,000 in Bitcoin spot ETFs, which is less than one ten-thousandth of its asset management scale. (The market value of Bitcoin is very high. I personally think that Bitcoin has the potential to double, and the rise and fall is weaker than other cycles)

Institutions hold nearly half of the total Bitcoin, but it does not mean that nearly half of the institutions hold Bitcoin!
Currently, well-known investment banks that hold Bitcoin are still rare, and they may hold it on behalf of their clients. For example, JPMorgan Chase holds $1.16 trillion in US stocks, but only holds $760,000 in Bitcoin spot ETFs, which is less than one ten-thousandth of its asset management scale. (The market value of Bitcoin is very high. I personally think that Bitcoin has the potential to double, and the rise and fall is weaker than other cycles)