Yahya 
According to the Bitwise data that was gathered from the United States, it was found out that in the second quarter of 2024, more than 66% of institutional investors were either directly invested in Bitcoin or were buying even more through spot exchange-traded funds (ETFs).
Analyzing the 13F filings to the SEC, authors found that 22% of AMs maintained their positions while 44% altered their BTC ETF positions in Q2. Only 13% left totally and only 21% changed ownership. “A pretty good result, on par with other ETFs” Bitwise’s Chief Investment Officer Matt Hougan remarked.
While the value of Bitcoin declined by 14.5% throughout the quarter, institutional adoption of Bitcoin ETFs remained strong. Prices fell, but Hougan saw among the ten Bitcoin ETFs the count of holder/ETF combinations increased to 1,924 in Q2, up from 1,479 in Q1—a thirty percent increase. He underlined that institutional investors had a “diamond hands” approach, thereby avoiding the kind of frenetic selling often saw among individual investors.
“If you thought institutional investors would react to early signs of turbulence, the numbers show differently.” Hougan said, “They are rather consistent.”
Among the top ETF owners apart from family offices, certain institutional investors, and advisors were hedge funds Millennium, Schonfeld, Boothbay, and Capula. Hougan said he was looking forward the future as ETFs draw a wide spectrum of investors.
Ranked among the top five fundholders, Morgan Stanley said in a separate 13F disclosure on Aug. 14 that, as of June 30, it held 5,500,526 BlackRock iShares Bitcoin Trust shares, valued at $ 188 million. Emphasizing the increasing importance of IBIT and other spot Bitcoin ETFs in traditional investing portfolios, Goldman Sachs also revealed exposure to around $238 million in shares of these ETFs.
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