Despite a 12% decline in Bitcoin's price, institutional investment in Bitcoin exchange-traded funds (ETFs) has surged. According to Bitwise’s chief investment officer, Matt Hougan, the number of institutional investors holding Bitcoin ETFs increased by 14%, rising from 965 in Q1 to 1,100 in Q2.
Institutional allocations to Bitcoin ETFs have also grown. Previously, they comprised approximately 18.74% of the total assets under management (AUM), but this has now increased to 21.15%. By the end of the quarter, institutional-managed Bitcoin ETFs amounted to $11 billion. This uptick indicates increasing confidence among professional investors, even amidst price volatility. Hougan notes that institutional commitment during a downturn suggests even greater potential investment during a market upturn.
Bitwise’s report highlights record institutional adoption of Bitcoin ETFs, noting that the pace of adoption is unmatched by any other ETF category. The report anticipates continued growth, with more substantial investments expected in 2025 and beyond.
Further evidence of institutional interest comes from Goldman Sachs, which holds positions in seven of the eleven Bitcoin ETFs available in the US. This reinforces the notion that institutional investment in Bitcoin ETFs is both substantial and growing.
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