Coinbase: Institutional Holdings of Bitcoin ETFs Increase and Are Expected to Continue to Grow
According to an August 16th report from Coinbase, the percentage of institutional holders labeled as “investment advisors” increased by 3% in the second quarter of 2024, and now represents 9% of total institutional investments.
According to Coinbase, the percentage of investment advisors holding spot bitcoin ETFs is likely to increase further as more brokerage firms complete due diligence on these funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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