Institutional Spot Bitcoin ETF Holdings Skyrocket 79% In Q2, What’s Next?

Quick Summary:

Institutional interest in Bitcoin (BTC) continues to soar, with new data revealing significant growth in holdings of Spot BTC ETFs in the second quarter of 2024.

According to Julian Fahrer, Co-Founder of Apollo Sats, 13F filings show a marked increase in Bitcoin ETF positions among institutional investors.

However, Fahrer cautioned that this analysis is still provisional, as many large entities have yet to file their reports.“Also just to reiterate: this is provisional analysis based on 13F filings so far.

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Article Details

Author / Journalist: Kritika Mehta

Category: Crypto

Markets: India

Topics: Institutional Bitcoin buying Bitcoin ETF Bitcoin ETF inflows 24/7 Cryptocurrency News Bitcoin News Spot Bitcoin ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 07:42:19 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 47 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21661970

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