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Hedge funds cut Bitcoin, brokerages load up in Q2: CoinShares report
Seeking Alpha ·
Seeking Alpha reports: Professional investors increased their Bitcoin holdings in second-quarter, even as overall U.S. spot Bitcoin ETF holdings declined, according to a CoinShares report published Friday. 13F filers held 264K BTC at the end of June, up 1.3% from 261K tokens in the first-quarter. Meanwhile, total U.S. spot Bitcoin ETF holdings fell 6.3%, and non-13F holders reduced their exposure by 8.3%. The dollar value of 13F filers’ holdings fell 13% to $15.5B as Bitcoin’s price…