Coinbase: Bitcoin ETF Holdings Increased by Advisors, Declined by Hedge Funds

Odaily Odaily News According to a report released by Coinbase on August 16, the proportion of institutional holders labeled as "investment advisors" rose by 3% in the second quarter of 2024, and currently accounts for 9% of total institutional investment. Coinbase pointed out that this is only based on companies that manage more than $100 million in assets and need to submit Form 13-F to the U.S. Securities and Exchange Commission (SEC). Coinbase said that as "more and more brokerage firms complete due diligence on these funds," the proportion of investment advisors holding spot Bitcoin ETFs is likely to increase further. (Cointelegraph)