[Analyst: Institutional holdings of Bitcoin ETFs reached 24% last quarter, up from 21.4% in the first quarter] Golden Finance reported that HC Wainwright analysts said that by the end of the second quarter of 2024, institutional holdings of US spot Bitcoin ETFs will rise to 24%. According to the latest 13-F filings and data compiled by Coinbase, this proportion is higher than 21.4% in the previous quarter. Despite the challenging market environment, the total assets under management of these ETFs fell 13% month-on-month to US$51.8 billion, but still achieved growth due to the decline in Bitcoin prices and new institutional investors including Goldman Sachs (holding US$412 million in ETF shares) and Morgan Stanley (holding US$188 million).