Institutional spot Bitcoin ETF holdings rise 7.5% despite BTC’s 14.2% Q2 drop

Institutional holdings of spot Bitcoin ETFs rose 7.5% in the second quarter to 535,723 BTC from 498,389 BTC even as BTC fell 14.2% over the period, Wu Blockchain reported. The number of institutions disclosing Bitcoin investment exposure through U.S. SEC 13F filings fell to around 1,900 from about 2,000. Banks and quant funds increased their allocations, while sovereign wealth funds and endowments mostly maintained existing levels. Wu Blockchain added it is difficult to accurately determine hedge funds’ actual BTC exposure because options positions are included.