Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»More Than 260 Additional Institutional Firms Invested in Spot Bitcoin ETFs in Q2: Crypto Intelligence Firm
    Investments

    More Than 260 Additional Institutional Firms Invested in Spot Bitcoin ETFs in Q2: Crypto Intelligence Firm

    August 17, 20242 Mins Read


    Retail investing is still driving spot Bitcoin (BTC) exchange-traded funds (ETFs), but more institutions are sinking capital into the new products each quarter, according to a senior analyst with crypto intelligence platform K33 Research.

    K33’s Vetle Lunde notes on the social media platform X that 262 additional professional firms purchased investments in spot BTC ETFs, bringing the total number of firms with investments to 1,199.

    “While retail investors still hold the majority of the float, institutional investors increased their share of total AUM (asset under management) by 2.41 percentage points, now accounting for 21.15% in Q2.

    GBTC (Grayscale Bitcoin Trust) saw a substantial reduction in their institutional capital, whereas IBIT and FBTC saw a pronounced growth in professional investor dominance.”

    Source: Vetle Lunde/X

    The analyst also notes that the biggest institutional spot BTC ETF owners are market makers.

    “Millennium and Susquehanna remain the largest holders but have reduced their exposure compared to Q1. Two factors likely led to this reduction:

    1) stiffening competition as Jane Street entered the market in Q2
    2) calming market conditions, leading to less juicy yields – annualized CME premiums closed June 30th at 8.6%, compared to March 31st’s 14%.”

    Source: Vetle Lunde/X

    Bitcoin is trading at $59,141 at time of writing. The top-ranked crypto asset by market cap is up more than 2.6% in the past 24 hours.

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Check Price Action

    Follow us on X, Facebook and Telegram

    Surf The Daily Hodl Mix

    &nbsp

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Ex-Man Utd ace David De Gea shows his true character following retirement announcement

    Investments

    Cristiano Ronaldo pushes back once again against retirement

    Investments

    Safeguarding Retirement Funds From Cyber Criminals

    Investments

    Record Returns on African Sovereign Bonds Match With Strengthening Conditions for the Region’s Eurobonds

    Investments

    Adani Enterprises raises Rs 1,000 crore via bonds: Report – Industry News

    Investments

    Fans Wonder If LeBron’s ‘Second Decision’ Is a Retirement Announcement or a New Ad Campaign

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Sonoma and Mendocino Counties Eyeing Major Geothermal Energy Projects

    Cryptocurrency

    Costa Rica Heist: Israeli Tourists Lose $700,000 In Bold Bitcoin Robbery

    Cryptocurrency

    Cryptocurrency’s New Era How XAI49K is Transforming Financial Future

    Editors Picks

    Bogus plea for bond money, friend held hostage by Mexican cartel, cryptocurrency fraud among recent scams hitting Troy residents – The Oakland Press

    June 12, 2025

    BNPL Fintech Klarna Reports New Milestone For Its Debit-first Card In The US

    September 29, 2025

    Could This Surprising Cryptocurrency Become the Next XRP?

    June 20, 2025

    Is Silver Still A Smart Bet?

    September 17, 2025
    What's Hot

    Protester arrested at property tax rally led by Indiana Gov. Braun

    March 17, 2025

    Trending Cryptocurrency Tokens on Avalanche Chain Today – Pharaoh, Frax, Pulsar

    June 27, 2025

    A beginner’s guide to AI for Boomers, from technology writer Jonathan Margolis

    August 23, 2025
    Our Picks

    LSL Property Services prévoit une nouvelle croissance de ses bénéfices en 2025

    May 27, 2025

    Westlake woman loses thousands in cryptocurrency phone fraud

    May 10, 2025

    1 Magnificent S&P 500 Dividend Stock Down 31% to Buy and Hold Forever

    February 22, 2025
    Weekly Top

    Agricultural officials warn against protracted trade war – 9&10 News

    October 8, 2025

    European Fintech Groups, Crowdfunding Advocates Send Letter To Policymakers Regarding Financial Data Access Regulation (FIDA)

    October 8, 2025

    Copper price hits new high after Teck cuts production forecast

    October 8, 2025
    Editor's Pick

    7 MW pour électrifier l’Ituri

    June 18, 2025

    Unico Silver : Les forages de comblement confirment une minéralisation à haute teneur sur le projet argentin

    June 19, 2025

    Gift Nifty indicates strong start for Sensex, Nifty; banks, NBFCs, power stocks in focus

    August 17, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.