{"id":26952,"date":"2024-08-17T09:00:03","date_gmt":"2024-08-17T06:00:03","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26952"},"modified":"2024-08-17T10:30:28","modified_gmt":"2024-08-17T07:30:28","slug":"spot-bitcoin-etfs-gain-traction-among-advisors-q2","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-gain-traction-among-advisors-q2\/","title":{"rendered":"Spot Bitcoin ETFs Gain Traction Among Advisors in Q2, Hedge Funds Reduce Exposure"},"content":{"rendered":"<p>New data for <strong>Coinbase<\/strong> reveals that while the financial advisers have increased their purchases of <strong>spot BTC ETF<\/strong>s in Q2 2024, the hedge funds have reduced their allocations significantly. This pattern suggests that more advisers trust these funds, and if more brokerage firms engage in doing due diligence that taps these funds, these advisers most likely expand their investments even further.<\/p>\n<p>Based on Coinbase&#8217;s August 16 report, the second quarter&#8217;s ratio of institutional investors designated as &#8220;investment advisers&#8221; climbed by 3%, currently representing 9% of total institutional investment. This information represents what the US Securities and Exchange Commission (SEC) demands via the 13-F form based on businesses managing more than $100 million in assets.<\/p>\n<p><strong>Coinbase<\/strong> also announced that Morgan Stanley has cleared its 15,000 financial advisors to begin providing spot Bitcoin ETFs to high-net-worth clients, therefore indicating a greater acceptance of these products.<\/p>\n<p>Meanwhile, <strong>Coinbase<\/strong> pointed out that the US summer can create delays in significant inflows, therefore preventing financial advisors from immediately attracting new clients. According to the trade, less financial activity is usually seen this period, which fuels irregular price movement. Starting on July 18, the price of Bitcoin dropped by 9.86%; at the time of the post, trading at $59,132.<\/p>\n<p>Conversely, hedge fund managers have reduced their holdings in <strong>spot Bitcoin ETFs<\/strong> most likely in reaction to &#8220;trading the basis&#8221;\u2014that is, leveraging the price variances between spot Bitcoin ETFs and Bitcoin futures contracts. Coinbase announced in the second quarter that Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) increased by 15% and valued $2.75 billion.<\/p>\n<p><strong>Bitcoin<\/strong> underperformance during the quarter notwithstanding, with its price down by 14.6%, the &#8220;ETF complex&#8221; experienced a net inflow of $2.4 billion from institutional investors, indicating ongoing interest in these products. From the January 11 debut of spot Bitcoin ETFs, Farside figures show that total inflows have been $17.35 billion.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.io\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New data for Coinbase reveals that while the financial advisers have increased their purchases of spot BTC ETFs in Q2 2024, the hedge funds have reduced their allocations significantly. This pattern suggests that more advisers trust these funds, and if more brokerage firms engage in doing due diligence that taps these funds, these advisers most<\/p>\n","protected":false},"author":6,"featured_media":18085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[61,534,151],"class_list":["post-26952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-bitcoin","tag-bitcoin-etf","tag-coinbase"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spot Bitcoin ETFs Gain Traction Among Advisors in Q2, Hedge Funds Reduce Exposure - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-gain-traction-among-advisors-q2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spot Bitcoin ETFs Gain Traction Among Advisors in Q2, Hedge Funds Reduce Exposure - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"New data for Coinbase reveals that while the financial advisers have increased their purchases of spot BTC ETFs in Q2 2024, the hedge funds have reduced their allocations significantly. 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