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Big Money Doubles Down on Bitcoin ETFs Despite Q2 Dip & Government Selloffs

How Crypto is Responding to the Spotlight

Author

Hunter Hodge
August 15, 2024 • Read Time: 9 minutes

Forget the doom-and-gloom headlines—latest filings reveal that institutional investors are not only sticking with Bitcoin ETFs, they’re doubling down.

Bitwise’s fresh analysis of 13F filings shows a robust 66% of big-money players either maintaining or ramping up their Bitcoin ETF stakes, despite a rocky 14.5% dip in Bitcoin's value last quarter. 

Matt Hougan from Bitwise calls it a "positive sign," likening the trend to other well-performing ETFs. So, what does this mean for Bitcoin’s future?

Let's dive in!

  • 66% of institutional investors maintained or increased Bitcoin ETF positions in Q2 2024, Bitwise data shows. — Read More

  • U.S. government sent $594 million worth of Silk Road-seized Bitcoin to Coinbase, causing a 3.6% BTC price drop. — Read More

  • Trump & Senator Lummis back strategic Bitcoin reserve to solve the $35 trillion US debt crisis; here’s how it works. — Read More

  • Morgan Stanley and Wisconsin are heavily investing in Bitcoin ETFs, signaling growing institutional interest. — Read More

  • Coinshares evaluates potential effects of Trump and Harris on Bitcoin as 2024 election nears. — Read More

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