Coinbase: The holdings of Bitcoin ETFs by institutions have increased and are expected to continue to grow

ChainCatcher message: According to a report released by Coinbase on August 16, the proportion of institutional holders labeled as "investment advisors" increased by 3% in the second quarter of 2024, currently accounting for 9% of total institutional investments.

Coinbase stated that as more brokerage firms complete due diligence on these funds, the proportion of investment advisors holding spot Bitcoin ETFs is likely to further increase.