Analyst: U.S. Bitcoin Spot ETF Institutional Holdings Decline in Q1 2025

According to a report by Jinse Finance, analyst David Duong tweeted that the latest 13F filings for U.S. spot ETFs in the first quarter of 2025 show that institutional ownership has decreased from 29% to 25%, primarily due to reduced participation in basis trading by hedge funds. Meanwhile, the ownership by investment advisors has increased from 10.8% to 12.4%.