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Crypto

Institutions Boost Bitcoin ETF Holdings Despite Price Dip

Guavy AI Editorial Team
Instruments
BTC
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Institutional investors increased their spot Bitcoin ETF holdings by 7.5% during the second quarter, even as Bitcoin's price fell 14.2%, according to data from Wu Blockchain.

The total held by institutions reached 535,723 BTC, up from 498,389 BTC at the end of Q1.

Banks and quantitative funds were the primary drivers of the increase, while sovereign wealth funds and endowments largely maintained their existing levels, showing a more cautious approach during the quarter's volatility.

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