Institutional Interest in Bitcoin ETFs Grows, Says Bitwise CIO
Matt Hougan, CIO of Bitwise, highlights a growing institutional presence in the crypto market, noting an increase in the number of corporate holders of Bitcoin (BTC) exchange-traded funds (ETFs).
Hougan reported on X that there are now 1,924 holders of the 10 Bitcoin ETFs available on the stock market, reflecting a 30% rise from the previous quarter despite a decline in prices during Q2.
He clarified that this number includes some investors with multiple ETF positions, but the overall increase still indicates a solid trend in institutional interest.
Hougan observed that institutional investors generally show strong commitment, with many either maintaining or increasing their ETF positions rather than selling off.
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In Q2, 44% of institutions that invested in Bitcoin ETFs in Q1 either increased their holdings or remained steady, while 21% reduced their positions and 13% exited.
Hougan also noted that a diverse range of investors, including hedge funds, advisors, family offices, and some institutional investors, are gaining exposure to Bitcoin through ETFs. He expressed optimism about seeing more wealth managers and pension funds becoming involved in the future.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
