Hedge funds cut Bitcoin, brokerages load up in Q2: CoinShares
- —13F filers held 264K BTC at the end of June
- —Holdings rose 1.3% from 261K BTC
- —Overall U.S. spot Bitcoin ETF holdings declined
- —Hedge funds trimmed positions while brokerages added
Why it matters: The demand base is shifting from speculative funds to brokerages, which could dampen volatility.
Source: Seeking Alpha Crypto