The historical Spot Bitcoin Exchange-Traded Funds (ETFs) have been a crucial advancement for the entire cryptocurrency sector, attracting retail and institutional investors. Recent data shows that the institutional investors of the products have seen a notable increase, as BTC remains stable.

Spot Bitcoin ETFs Institutional Ownership Rises

In a recent X (formerly Twitter) afterPopular market expert and host of the YouTube channel Crypto Banter Kyle Doops has mentioned a positive development around the spot Bitcoin ETFs. Kyle Doops highlighted that institutional ownership of Spot Bitcoin ETFs increased significantly during the second quarter of the year, fueled by renewed confidence in the digital asset and growing optimism in the community.

According to the expert, institutional holdings of spot BTC ETFs increased by over 27% within the time frame, indicating increasing adoption among these particular investors. As these investors seek greater access to Bitcoin Thanks to advanced methods, these products seem to have become the preferred means to profit from the future growth of BTC.

Data from K33 Research (formerly Arcane Research), a smart beta index for crypto assets, showed that over 1,199 companies entered the U.S. BTC ETF spot market on June 30, with approximately 262 new companies joining.

According to the market expert, this rise is evidence of increasing institutional confidence in digital currencies and their potential for growth and revolution in the financial landscape.

The message read:

Bitcoin ETFs saw a 27% increase in institutional ownership in Q2. K33 Research revealed that 262 new companies entered the U.S. spot Bitcoin ETF market, bringing the total to 1,199 as of June 30. The surge signals growing institutional confidence in the digital currency.

This increase in institutional investors around the funds may possibly be attributed to the recent optimism surrounding BTC as speculation about a major price increase continues to grow within the crypto community.

BTC Whales Comes Out With Massive Accumulation Strategy

In another X-post, Kyle Doops marked that Bitcoin whales, also known as large holders of crypto assets, have been steadily increasing their BTC holdings, indicating a likely price increase.

Kyle Doops points to an increase in the whale ratio despite the current market volatility since the Japanese stock market crash earlier this month. Specifically, this metric, which shows how much of the total supply of Bitcoin is held by top addresses, has increased significantly, showing that investors may be bracing for potential future gains.

The expert is convinced that the value of BTC may increase, as a price increase is often preceded by this phase of increased accumulation, especially after BTC Halving events. He further claims that prices may rise soon due to the recently concluded Halving event and increasing institutional interest via BTC spot ETFs.

Main image from LinkedIn, chart from Tradingview.com