Trader T stated on social media that Bitcoin spot ETFs are becoming increasingly institutionalized in the third quarter:

BlackRock's IBIT has 639 institutional holders, an increase of 10% compared to the previous period; institutional holders own a total of 148 million shares, an increase of 19% compared to the previous period;

Fidelity's FBTC has 316 institutional holders, an increase of 4% compared to the previous period, and institutional holders own a total of 50.4 million shares, a decrease of 4% compared to the previous period;

Bitwise's BITB has 140 institutional holders, an increase of 0% compared to the previous period. Institutional holders own a total of 15.8 million shares, an increase of 7% compared to the previous period.