On August 18, Bitwise CIO Matt Hougan posted on social media that after reviewing the 13-F filings submitted by various institutions a few days ago, he made some preliminary summaries based on the bitcoin ETF holdings in the second quarter, including: Institutions are still increasing their holdings, and the trend is still there: there were 1,924 institutional holders in the 10 Bitcoin spot ETFs in Q2, up from 1,479 in Q1, an increase of about 30%. Considering that Bitcoin fell in Q2, this result is already very good. · The majority of institutional investors were diamond hands: the majority of institutional investors who allocated in Q1 held or bought more positions in Q2. Of Q1 filers, 44% increased their holdings in Bitcoin ETFs in Q2, 22% remained unchanged, 21% reduced their positions, and 13% liquidated their positions. · Hedge funds remain big holders: most of the top ETF holders are mainstream hedge funds, including Millennium, Schonfeld, Boothbay, Capula and others. But there are also a large number of advisers, family offices and select institutional investors. Over time, we would like to see wealth managers and pensions take up a bigger share.