Coinbase: Bitcoin spot ETF funds continue to flow in, indicating increased institutional interest

According to Coinbase's weekly market report, the latest 13F filings for U.S. Bitcoin spot ETFs show signs of growing institutional interest. Coinbase analysts David Duong and David Han said: "We believe that continued inflows into spot Bitcoin ETFs during periods of Bitcoin's underperformance may be a promising indicator of increased (institutional) interest in cryptocurrencies." Analysts noted that interest in spot Bitcoin ETFs rose in Q2 compared to Q1 after the launch of the first Bitcoin ETFs, "An increasing portion of these flows appear to be driven by institutions, with institutional holdings rising from 21.4% to 24.0%." The report highlights an increase in institutional inflows from the "investment advisor" category. These advisors manage large amounts of money and typically make decisions on asset allocation, investment strategies, and specific security purchases on behalf of their clients. (The Block)