CoinShares says pros dump 52K BTC in Bitcoin ETFs
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- CoinShares reported that professional investors sold about 52,000 Bitcoin (BTC) worth of Bitcoin ETFs in Q1, reducing professional managers’ share of holdings.
- SEC released a draft strategic plan through 2030, stating that digital assets will be a strategic priority and promising a firm regulatory foundation for digital assets and distributed ledger technologies.
- BlackRock earlier this year said Bitcoin could play a role in modern portfolios, noting that traditional stock‑and‑bond diversification has become less reliable after 2020.
- CLARITY Act proposal, which would clarify SEC and CFTC oversight of digital assets, is under review, facing banking industry scrutiny, and lawmakers expect a Senate vote as early as August.
Why it matters: Asset managers lose Bitcoin exposure as professionals withdraw; regulators and BlackRock gain influence over future rules; the CLARITY Act faces banking industry scrutiny as lawmakers expect a Senate vote as early as August.
