1st quarter institutional holdings of BTC ETF decreased by 23%… “Impact of valuation loss rather than actual sales”

Institution-held Bitcoin ETF Decreasing Due To Evaluation Losses (Source: CoinShares)

In The First Quarter Of This Year, The Size Of Institution-held Bitcoin (BTC) Exchange-traded Funds (ETFs) Decreased By 23% Compared To The Previous Quarter. Asset Management Company CoinShares Recently Reported That "Institution-held Bitcoin ETF Assets Decreased From $27.4 Billion In The Fourth Quarter Of Last Year To $21.2 Billion In The First Quarter Of This Year." This Is The First Case Of Decrease On A Quarterly Basis.

The Report Analyzed That The Main Reason For This Decrease In Holdings Is Due To Evaluation Losses Caused By The Decline In Bitcoin Prices Rather Than Actual Sales. However, Some Institutions Have Actually Reduced Their Positions. Especially Among Institutions, Financial Advisors Have Adopted A Contrasting Strategy By Rather Expanding Their Holdings.

CoinShares Evaluated That "Apart From The ETF Capital Flow, The Trend To Include Bitcoin As A Strategic Asset Is Still Valid." As The Bitcoin ETF Market Enters A Correction Phase, The Temperature Difference Between Medium- To Long-term Strategic Holdings And Short-term Profit Realization Is Becoming Clear.