{"id":635601,"date":"2024-08-15T13:30:02","date_gmt":"2024-08-15T13:30:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=635601"},"modified":"2024-08-15T15:35:24","modified_gmt":"2024-08-15T15:35:24","slug":"bitwise-cio-3-super-bullish-signals-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitwise-cio-3-super-bullish-signals-bitcoin-etfs\/","title":{"rendered":"Bitwise CIO Reveals Three Super Bullish Signals From Bitcoin ETFs"},"content":{"rendered":"<p>Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot exchange-traded funds (ETFs) paint a bullish picture for the BTC price. Bitwise Chief Investment Officer (CIO) Matt Hougan has <a href=\"https:\/\/x.com\/Matt_Hougan\/status\/77844953\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> a recap of the three most interesting takeaways from the Q2 filings via X. His findings underscore a growing and sustained institutional interest in Bitcoin, pointing towards an bullish outlook.<\/p>\n<h2>#1 Increased Institutional Bitcoin Adoption<\/h2>\n<p>Hougan highlights an impressive rise in institutional engagement with Bitcoin ETFs during the second quarter of the year. He reported, &#8220;I count 1,924 holder&lt;&gt;ETF pairs across all 10 ETFs, up from 1,479 in Q1. That&#8217;s a 30% increase; not bad considering prices fell in Q2.&#8221; This data suggests that institutional investors are increasingly viewing Bitcoin as a viable asset class, even amidst price declines, indicating a long-term commitment rather than speculative short-term plays.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/unveiling-the-strategic-advantages-of-a-bitcoin-reserve-for-the-us-economy\/\" target=\"_blank\" rel=\"noopener \">Unveiling The Strategic Advantages Of A Bitcoin Reserve For The US Economy<\/a><\/div>\n<p>Hougan concludes, \u201cOf course, this does not mean 1,924 institutions own bitcoin ETFs; some investors report positions in multiple ETFs. But that &#8220;double-counting&#8221; aspect is equally true of the Q1 and Q2 numbers, so the percentage increase is still telling. My takeaway: <a href=\"https:\/\/uniquehot.com\/usdt\/institutional-usdt-445-miliion\/\" target=\"_blank\" rel=\"noopener \">Institutional investors<\/a> continued to adopt bitcoin ETFs in Q2. The trend is intact.\u201d<\/p>\n<h2>#2 Institutional Investors Are HODLers<\/h2>\n<p>The holding patterns within these filings reveal that a substantial portion of institutional investors remained committed to their Bitcoin ETF holdings, reflecting a resilient stance against the market&#8217;s volatility. &#8220;Among Q1 filers, 44% increased their position in bitcoin ETFs in Q2, 22% held steady, 21% decreased their position, and 13% exited,&#8221; said Hougan.<\/p>\n<p>These figures are particularly telling because they demonstrate that more than two-thirds of the institutions either maintained or increased their exposure to Bitcoin ETFs during a period of significant price fluctuations. Hougan interprets this data as a sign that institutional investors possess &#8220;diamond hands,&#8221; a colloquial term used within the community to describe holders who do not sell their holdings despite pressure or <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-crashes-49000-key-reasons\/\" target=\"_blank\" rel=\"noopener \">market downturns<\/a>.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-set-surge-2-5-billion-stablecoin-inflows\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Set To Surge With $2.5 Billion Stablecoin Inflows: Research Firm<\/a><\/div>\n<p>Hougan added, \u201cIf you thought institutional investors would panic at the first sign of volatility, the data suggest otherwise. They&#8217;re pretty steady.\u201d<\/p>\n<h3>#3 Broad Investor Base<\/h3>\n<p>The analysis by Hougan also highlights the diverse array of investors participating in Bitcoin ETFs. Major hedge funds like Millennium, Schonfeld, Boothbay, and Capula are prominently featured among the <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-etfs-on-a-buying-spree-scoop-up-nearly-300000-btc-since-january\/\" target=\"_blank\" rel=\"noopener \">top holders<\/a>. However, the presence of advisors, family offices, and other institutional investors such as the State of Wisconsin is particularly notable.<\/p>\n<p>&#8220;ETFs are a big tent that attract a wide variety of investors. It&#8217;s kind of great to see Millennium nestled up against the State of Wisconsin in these ETF filings. Over time, I&#8217;d like to see wealth managers and pensions account for a growing share,&#8221; Hougan remarked.<\/p>\n<p>Yesterday it <a href=\"https:\/\/x.com\/MacroScope17\/status\/46195865\" target=\"_blank\" rel=\"noopener nofollow\">became<\/a> public that the Wisconsin Pension Fund has increased its Bitcoin ETF holdings. In an SEC filing, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (worth $98.9 million as of that date). This is an increase from the 2,450,400 shares Wisconsin had previously reported in May.<\/p>\n<p>At press time, BTC traded at $58,035.<\/p>\n<figure id=\"attachment_635642\" aria-describedby=\"caption-attachment-635642\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-635642 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?resize=3628%2C1675\" alt=\"Bitcoin price\" width=\"3628\" height=\"1675\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/BTCUSDT_2024-08-15_10-10-13.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-635642\" class=\"wp-caption-text\">Bitcoin price, 1-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/a8VGJSBC\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot exchange-traded funds (ETFs) paint a bullish picture for the BTC price. Bitwise Chief Investment Officer (CIO) Matt Hougan has shared a recap of the three most interesting takeaways from the Q2 filings via X. His findings underscore a growing and sustained institutional interest in Bitcoin, pointing towards an bullish outlook. #1 Increased Institutional Bitcoin Adoption Hougan highlights an impressive rise in institutional engagement with Bitcoin ETFs during the second quarter of the year. He reported, &#8220;I count 1,924 holder&lt;&gt;ETF pairs across all 10 ETFs, up from 1,479 in Q1. That&#8217;s a 30% increase; not bad considering prices fell in Q2.&#8221; This data suggests that institutional investors are increasingly viewing Bitcoin as a viable asset class, even amidst price declines, indicating a long-term commitment rather than speculative short-term plays. Related Reading: Unveiling The Strategic Advantages Of A Bitcoin Reserve For The US Economy Hougan concludes, \u201cOf course, this does not mean 1,924 institutions own bitcoin ETFs; some investors report positions in multiple ETFs. But that &#8220;double-counting&#8221; aspect is equally true of the Q1 and Q2 numbers, so the percentage increase is still telling. My takeaway: Institutional investors continued to adopt bitcoin ETFs in Q2. The trend is intact.\u201d #2 Institutional Investors Are HODLers The holding patterns within these filings reveal that a substantial portion of institutional investors remained committed to their Bitcoin ETF holdings, reflecting a resilient stance against the market&#8217;s volatility. &#8220;Among Q1 filers, 44% increased their position in bitcoin ETFs in Q2, 22% held steady, 21% decreased their position, and 13% exited,&#8221; said Hougan. These figures are particularly telling because they demonstrate that more than two-thirds of the institutions either maintained or increased their exposure to Bitcoin ETFs during a period of significant price fluctuations. Hougan interprets this data as a sign that institutional investors possess &#8220;diamond hands,&#8221; a colloquial term used within the community to describe holders who do not sell their holdings despite pressure or market downturns. Related Reading: Bitcoin Price Set To Surge With $2.5 Billion Stablecoin Inflows: Research Firm Hougan added, \u201cIf you thought institutional investors would panic at the first sign of volatility, the data suggest otherwise. They&#8217;re pretty steady.\u201d #3 Broad Investor Base The analysis by Hougan also highlights the diverse array of investors participating in Bitcoin ETFs. Major hedge funds like Millennium, Schonfeld, Boothbay, and Capula are prominently featured among the top holders. However, the presence of advisors, family offices, and other institutional investors such as the State of Wisconsin is particularly notable. &#8220;ETFs are a big tent that attract a wide variety of investors. It&#8217;s kind of great to see Millennium nestled up against the State of Wisconsin in these ETF filings. Over time, I&#8217;d like to see wealth managers and pensions account for a growing share,&#8221; Hougan remarked. Yesterday it became public that the Wisconsin Pension Fund has increased its Bitcoin ETF holdings. In an SEC filing, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (worth $98.9 million as of that date). This is an increase from the 2,450,400 shares Wisconsin had previously reported in May. At press time, BTC traded at $58,035. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":635613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,9960,656,679,1119,1122,89583],"class_list":["post-635601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-etfs","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-price","tag-spot-bitcoin-etfs"],"acf":[],"yoast_head":"\n<title>Bitwise CIO Reveals 3 Super Bullish Signals From Bitcoin ETFs<\/title>\n<meta name=\"description\" content=\"Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot ETFs paint a bullish picture for the BTC price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. 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Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/uniquehot.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitwise CIO Reveals 3 Super Bullish Signals From Bitcoin ETFs","description":"Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot ETFs paint a bullish picture for the BTC price.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin\/bitwise-cio-3-super-bullish-signals-bitcoin-etfs\/","og_locale":"en_US","og_type":"article","og_title":"Bitwise CIO Reveals 3 Super Bullish Signals From Bitcoin ETFs","og_description":"Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot ETFs paint a bullish picture for the BTC 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