According to Coinbase's weekly market report, the 13F update documents of the US spot Bitcoin exchange-traded funds (ETFs) show that institutions are increasingly interested in digital assets. Coinbase analysts David Duong and David Han said: "In the case of Bitcoin's poor performance, the continued inflow of funds into the spot Bitcoin ETF may be a positive sign of continued interest in the new capital pool brought by ETFs. Increasingly, these inflows appear to be driven by institutions, and their proportion of shares owned has increased from 21.4% to 24.0%." The report also mentioned that the proportion of institutional holders in the investment advisory category increased from 29.8% to 36.6%, and from 6% of the total shares to 9%. (TheBlock)