ETFs
Over 600 Financial Institutions Reveal Billions Invested in Spot Bitcoin ETFs in the US
Over 600 Financial Institutions Reveal Billions Invested in Spot Bitcoin ETFs in the US
More than 600 companies revealed substantial cash investments Bitcoin exchange-traded funds (ETFs) in their 13F filings submitted to the United States Securities and Exchange Commission (SEC) over the past week. According to the leaked data, professional investment firms have declared ownership of Bitcoin ETFs worth a staggering $3.5 billion.
Millennial Management emerges as the largest investor in BTC ETFs, having allocated a whopping $1.9 billion. Their investments include $844.2 million in BlackRock’s iShares Bitcoin Trust (IBIT), $806.7 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC), $202 million in the Grayscale Bitcoin Trust (GBTC), $45.0 million in the 21Shares ARK Bitcoin ETF (ARKB) and $44.7 million in the Bitwise Bitcoin ETF (BITB).
Close behind is Schonfeld Strategic Advisors, a hedge fund managing $13 billion in assets, with a substantial investment of $248 million in BlackRock’s ETF and another $231.8 million in Fidelity’s fund, for a total of $479 million.
Morgan Stanley, a leading financial institution, has disclosed a substantial investment of $269.9 million in GBTC, cementing its position as one of the largest holders of GBTC. Aristeia Capital, an alternative asset manager, revealed a $163.4 million investment in IBIT.
Other financial giants such as JPMorgan, Wells Fargo, UBS, BNP Paribas and the Royal Bank of Canada are also on the list of investors. While recent weeks have seen a significant slowdown in inflows, spot Bitcoin ETFs saw huge demand in the first three months following their launch in mid-January.