Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
Investment advisors were the largest holders of spot bitcoin exchange-traded funds as they held a total of $4.7 billion on behalf of clients.ETFs at the end of second quarter, as clients amped up their crypto allocations to a total of $4.7 billion.on behalf of its clients in the months as of June 30, according to a filing with the U.S. Securities and Exchange Commission.
“It’s clear that institutional adoption of spot bitcoin ETFs continues to accelerate,” said Nate Geraci, president of the ETF Store. “Generally speaking, institutional investors tend to have extremely rigorous due diligence processes which can lengthen the adoption period for any type of investment. The speed at which institutional investors are wading into spot bitcoin ETFs is astounding.”
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