On August 15, data from Bitwise revealed that about 66% of institutional investors held or increased their holdings of bitcoin through U.S. spot exchange-traded funds in the second quarter. According to a 13F filing with the Securities Exchange Commission, 44% of asset managers increased their bitcoin ETF positions in the second quarter, while 22% remained stable. Only 21% reduced their positions and 13% exited. "This is a pretty good result, on par with other ETFs," said Matt Hougan, chief investment officer at Bitwise.