The latest 13F filings for US bitcoin spot ETFs show signs of growing institutional interest, according to Coinbase's weekly market report. David Duong and David Han, analysts at Coinbase, said: "We believe that the continued inflow of funds into spot bitcoin ETFs during a period of poor bitcoin performance could be a promising indicator of increased [institutional] interest in cryptocurrencies."
Analysts noted that interest in spot bitcoin ETFs rose in Q2 compared with Q1, after the launch of the first bitcoin ETFs, and that "an increasing portion of these flows appears to be driven by institutions, with institutional holdings rising from 21.4 per cent to 24.0 per cent."
The report highlighted the increase in institutional inflows from the category of "investment advisers", who manage large amounts of money and typically make decisions on asset allocation, investment strategies and the purchase of specific securities on behalf of their clients.
Coinbase: Bitcoin spot ETF funds continue to flow in, indicating increased institutional interest
2024-08-17 02:18:06
According to coinbase weekly market reports united states bitcoin spot etfdesk3cryptocurrencydesktopCrypto News
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