Coinbase: Bitcoin spot ETF funds continue to flow in, indicating increased institutional interest

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ODAILY
08-17
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Odaily Odaily News According to Coinbase's weekly market report, the latest 13F filings for U.S. Bitcoin spot ETFs show signs of growing institutional interest. Coinbase analysts David Duong and David Han said: "We believe that the continued inflow of funds into spot Bitcoin ETFs during Bitcoin's poor performance may be a promising indicator of increased (institutional) interest in cryptocurrencies." Analysts pointed out that compared with Q1 after the launch of the first batch of Bitcoin ETFs, interest in spot Bitcoin ETFs has increased in Q2, "An increasing portion of these capital flows appear to be driven by institutions, with institutional holdings rising from 21.4% to 24.0%." The report emphasizes that institutional capital inflows from the "investment advisor" category have increased. These advisors manage large amounts of money and typically make decisions on asset allocation, investment strategies, and specific securities purchases on behalf of their clients. (The Block)

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