Share this article
Vetle Lunde, senior analyst at K33 Research, said spot Bitcoin exchange-traded funds (ETFs) have appeared in the 13F filings of 937 specialty firms in the United States. In contrast, gold ETFs received investments from only 95 specialty firms during the same period, according to data from Bitwise.
Although individual investors continue to hold the majority of liquid assets, professional investors accounted for over $11 billion in exposure by the end of the quarter, representing 18.7% of total Bitcoin ETF assets under management (AUM).
This trend suggests that larger ETFs are generally more attractive to institutional investors. In particular, the ARKB and HODL ETFs have experienced higher levels of institutional support due to allocations from well-known companies such as ARK and VanEck.
Among professional companies holding Bitcoin ETF shares are JPMorgan, UBS, and Wells Fargo. The State of Wisconsin Investment Board also said it held more than $99 million in BlackRock’s IBIT at the end of the first quarter.
But as Bloomberg ETF analyst James Seyffart emphasized, 13F Forms are a “snapshot” of these institutions’ holdings as of March 31 and do not account for short positions and derivatives.
After US inflation reached expected levels, investors turned to ETFs again. As reported by X user Lookonchain, nine ETFs have added 3,893 BTC to their holdings, worth nearly $256 million.
Grayscale’s GBTC registered an outflow of 839 BTC, while Fidelity added 1,989 BTC to its holdings. BlackRock’s IBIT is inching closer to GBTC, with 274,755 BTC under management, less than 14,000 BTC short.
Share this article