Bitwise Report: The number of institutional investors holding Bitcoin ETFs in Q2 increased by 14% to 1100

Despite a 12% drop in Bitcoin prices in the second quarter, institutional investors significantly increased their allocation to Bitcoin ETFs. Bitwise's report shows that the number of institutional investors holding Bitcoin ETFs grew by 14% in the second quarter, from 965 to 1,100 firms, and the proportion of managed Bitcoin ETF assets rose from 18.74% to 21.15%, with a total value reaching $11 billion. Matt Hougan, Chief Investment Officer at Bitwise pointed out that institutions are still actively buying bitcoin amid market volatility, which suggests greater potential during bull markets. The report also emphasized that the adoption rate of Bitcoin ETFs by institutions is historically fastest.