Bitwise CIO summarizes Q2 ETF institutional holdings: Overall, holdings are still increasing, and most institutions are diamond hands

BlockBeats news, on August 18, Bitwise CIO Matt Hougan posted on social media that after reviewing the 13-F documents submitted by various institutions a few days ago, he made some preliminary summaries based on the holdings of Bitcoin ETFs in the second quarter, including:

· Institutions are still increasing their holdings, and the trend is still there: In Q2, there were a total of 1,924 institutional holders of the 10 Bitcoin spot ETFs, higher than 1,479 in Q1, an increase of about 30%. Considering that Bitcoin fell in Q2, this result is already very good.

· Most institutional investors are diamond hands: Most institutional investors who made allocations in Q1 held or purchased more positions in Q2. Of the Q1 filers, 44% of institutions increased their Bitcoin ETF holdings in Q2, 22% maintained their positions, 21% reduced their positions, and 13% liquidated and exited.

· Hedge funds are still the top holders: Most of the top holders of ETFs are mainstream hedge funds, including Millennium, Schonfeld, Boothbay, Capula, etc. But there are also a large number of advisors, family offices, and select institutional investors. Expect to see wealth managers and pensions take a larger share over time.