In a significant development for the cryptocurrency market, over 700 new funds added Bitcoin spot ETFs to their portfolios in the second quarter, as revealed in recent 13F filings with regulators. This marks a decrease from the previous quarter, but the total number of funds holding Bitcoin spot ETFs has now reached 1,980.
Among the notable new entrants are prominent financial institutions such as Millennium Management, Capula Investment Management, Schonfeld Strategic Advisors, and Point72 Asset Management. These giants reflect growing institutional interest in Bitcoin.
Regulatory documents further indicate that 44% of asset managers increased their holdings of Bitcoin ETFs during the quarter, signaling continued optimism about Bitcoin’s future. Conversely, 22% of asset managers maintained their positions without any changes.
However, the data also highlights a shift among some institutions. 21% of asset managers reduced their Bitcoin ETF holdings, and 13% opted to completely liquidate their positions, illustrating a mixed sentiment in the investment community.
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