PANews reported on August 20 that according to Crypto.news, HC Wainwright analysts said that by the end of the second quarter of 2024, the proportion of 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, total assets under management for these ETFs fell 13% month-over-month to $51.8 billion, but the growth was due to the decline in Bitcoin prices and new institutional investors including Goldman Sachs (which holds $412 million in ETF shares) and Morgan Stanley (which holds $188 million).
