EddieJayonCrypto

 16 Aug 24

tl;dr

A recent report by Bloomberg revealed that 701 new hedge funds, pension funds, and banks have entered the successful spot Bitcoin ETF market in the United States, bringing the total number of holders to nearly 1,950. Despite Bitcoin's price dip, these ETFs have amassed a net inflow of $17 billion th...

701 new funds have disclosed holdings in spot Bitcoin ETFs, bringing the total holders to nearly 1,950. These institutional investors include hedge funds, pension funds, and banks, with notable assets among BlackRock's IBIT.

Institutional adoption extends to spot Ethereum ETFs, with significant inflows totaling $1.9 billion. Financial advisers are showing growing interest, with plans for more crypto-related products, including options on Bitcoin and Solana ETFs.

The institutional wind of change is evident, as more financial advisers are expected to recommend BTC spot ETF diversification positions. Adam Guren, founder of Hunting Hill Global Capital, highlighted their involvement since 2016 and plans for trading strategies within the ETF ecosystem.

Despite a 13% price dip, spot Bitcoin ETFs have garnered a net inflow of $17 billion this year, highlighting institutional confidence in crypto investments. Meanwhile, the growing interest in spot Ethereum ETFs signifies a broader institutional embrace of cryptocurrency assets.


Source: Data from Bloomberg and insights from industry experts

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Couchbase Inc

Industry: Technology, Services-Prepackaged Software

Revenue: $901,050,000

Profit Margin: -1.64%

Operating Margin: 3.953%

Return on Assets: -0.417

Market Cap: $190,368,000

P/E Ratio: 26.5

Dividend Yield: 0

Beta: 0.252

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