Bitwise Report: Total Assets Under Management of Bitcoin ETFs Held by Institutions Reach $11 Billion

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The Bitwise report pointed out that although the price of Bitcoin fell by 12% in the second quarter, the number of Bitcoin ETFs held by institutional investors increased significantly, up 14% year-on-year to 1,100. The proportion of positions held by institutional investors also increased from 18.74% to 21.15%, and the total assets under management of Bitcoin ETFs held reached US$11 billion. Matt Hougan, chief investment officer of Bitwise, said this is a positive sign. When the price of Bitcoin fluctuates, institutional investors' interest in Bitcoin remains unabated, so you can imagine what will happen in a bull market. (CoinDesk)

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