Hedge Funds Cut Bitcoin Exposure In Q2
A recent CoinShares report indicates that hedge funds reduced their Bitcoin holdings during the second quarter.
Hedge funds reduced their exposure to Bitcoin ($BTC) during the second quarter, while traditional brokerages increased their allocations, according to a report published by CoinShares.
Allocation Shifts in Q2
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The data highlights a divergence in strategy between hedge funds and brokerages regarding digital asset exposure. While institutional hedge funds pared back their positions, brokerages loaded up on the leading cryptocurrency over the same period.
Key facts
- Hedge fund activity: Reduced Bitcoin exposure during the second quarter.
- Brokerage activity: Increased Bitcoin holdings during the second quarter.
- Reporting source: CoinShares report published via Seeking Alpha.
Source: news.google.com
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