Investment advisers increased their stakes in bitcoin spot ETFs in Q2 2024, while hedge funds slightly reduced their positions, Coinbase reports.

- The share of institutional investors designated as "investment advisers" rose 3%, reaching 9% of the total.

- Morgan Stanley has authorized its 15,000 financial advisers to recommend bitcoin spot ETFs to wealthy clients.

- The summer period may delay large investment inflows.

📉 Bitcoin price fell 14.6% in the quarter, from $71,333 to $60,888.