đ Institutional Investors Double Down on Bitcoin ETFs: Whatâs Driving the Trend? đŒ
In Q2, despite a 14.5% drop in Bitcoinâs value, institutional investors showed strong confidence in Bitcoin ETFs. According to Bitwise, a whopping 66% of these investors either held or increased their Bitcoin ETF positions during this period.
đ Key Insights:
- Growing Confidence:
44% of asset managers increased their Bitcoin ETF holdings, while 22% maintained their positions. Only a small fraction, 21%, decreased their holdings, and 13% exited altogether.
- âDiamond Handsâ Approach:
Bitwiseâs Matt Hougan highlighted that institutional investors arenât quick to panic sell, unlike retail investors. They remained steady even as market volatility spiked.
- Diverse Participation:
Hedge funds like Millennium and Schonfeld are major players, but a broad range of investors, including wealth managers and pensions, are also getting involved.
đŹ What do you think is driving this institutional confidence in Bitcoin ETFs?
Are we seeing the early signs of a broader adoption trend? Share your thoughts below! đ
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