66% of Asset Managers Staked or Increased Their BTC ETF Holdings in Q2
CryptoNewsTerminal Staff14 Aug, 2024
66% of Asset Managers Staked or Increased Their BTC ETF Holdings in Q2
A new report from Cointelegraph, using data from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), has revealed that two-thirds of asset managers increased or maintained their BTC ETF holdings in the second quarter of this year. Specifically, 44% of asset managers increased their BTC ETF holdings, while 22% maintained their positions. "This is a pretty solid result and compares favorably to other ETFs," said Matt Hougan, chief investment officer at Bitwise. "Despite a 14.5% decline in asset values over the last three months, BTC spot ETFs have seen inflows in Q2, highlighting continued adoption by institutional investors."
