Hedge Funds and Brokerages Adjust Bitcoin Holdings in Q2: CoinShares Report
According to a report by CoinShares published on Friday, professional investors increased their Bitcoin holdings during the second quarter of the year. Despite an overall decline in U.S. spot Bitcoin ETF holdings, hedge funds reduced their positions while brokerages added more BTC. The total amount held by 13F filers reached 264K BTC at the end of June, a slight increase from 261K tokens recorded earlier. The report highlights shifting strategies among institutional investors in response to market dynamics and regulatory developments surrounding Bitcoin ETFs. While hedge funds have been reducing their exposure, brokerages are taking advantage of opportunities presented by evolving investor demand for digital assets.
Topics: Bitcoin ETFs Institutional Investors