On October 22, COINOTAG reported that Ki Young Ju, the CEO of CryptoQuant, provided significant insights into institutional investment trends on the X platform. The recently released Form 13F document reveals that institutional holdings represent approximately 20% of the total assets in US spot Bitcoin ETFs. This data indicates a robust participation from asset management firms, which currently manage around 193,000 BTC. These statistics reflect the increasing confidence among institutional investors in the digital currency market. As Bitcoin continues to gain traction as a viable asset class, the data underscores the importance of monitoring institutional activity, which can greatly influence market dynamics. With such substantial holdings, asset managers are likely to play a pivotal role in the overall growth and stability of the cryptocurrency ecosystem.
Source: https://en.coinotag.com/breakingnews/cryptoquant-ceo-reveals-20-institutional-holdings-in-us-spot-bitcoin-etfs-with-193000-btc-managed/