According to a recent report from Matrixport, since March 2024, bitcoin spot ETF buyers have been strictly following a buy-the-dip, wait-and-see strategy. As the 13F quarterly reporting period begins today, funds investing more than $100 million in U.S. stocks will begin to disclose. We may find that more pension funds and asset managers increased their holdings of bitcoin ETFs in the second quarter, which may boost institutional investor confidence.