Coinbase: Institutional holdings of Bitcoin ETFs have increased and are expected to continue to increase

BlockBeats reported on August 17 that according to a report released by Coinbase on August 16, the proportion of institutional holders marked as "investment advisors" rose by 3% in the second quarter of 2024, currently accounting for 9% of total institutional investment.

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