A senior analyst at crypto asset information platform K33 Research says that investment in physical Bitcoin (BTC) exchange-traded funds (ETFs) is surging.
In a post on social media platform To tell The number of professional firms that invested in Bitcoin ETFs in Q1 exceeded the number of firms that invested in gold ETFs in Q1.
“According to the 13F report, as of March 31st, 937 professional firms invested in US spot ETFs, compared to 95 professional firms invested in gold ETFs in the first quarter. (Bitwise).
A 13F filing is a quarterly report filed with the U.S. Securities and Exchange Commission (SEC) by institutional investors with assets under management (AUM) of more than $100 million.
Mr. Lunde said that retail investors account for the majority of Spot Bitcoin ETF holders, with an investment amount of $47.96 billion, accounting for 81.3% of the assets under management in Spot BTC ETF. points out.
“Retail owns the majority of the float. Professional investors held $11.06 billion exposure by the end of Q1, representing 18.7% of BTC ETF AUM. Masu.”
Lunde said the largest ETFs, such as ARK 21Shares Bitcoin ETF (ARKB) and VanEck Bitcoin Trust (HODL), are attracting the largest portion of institutional capital.
“ARKB and HODL have an even stronger institutional advantage thanks to ARK and VanEck's allocations to these ETFs.”
Financial giants are buying up Bitcoin ETF shares. Morgan Stanley purchased 4.27 million shares of Grayscale Bitcoin Trust (GBTC) worth $269.8 million, and JPMorgan holds approximately $760,000 worth of spot BTC ETFs on behalf of its clients. Similarly, Wells Fargo disclosed that it holds 2,245 shares of GBTC worth $121,000 on behalf of its clients.
The state of Wisconsin also recently revealed its large holdings in two Bitcoin trusts. The Wisconsin Investment Commission owns approximately $163 million worth of Bitcoin ETFs along with BlackRock's iShares Bitcoin Trust (IBIT) and GBTC, according to a new 13F filing.
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