ETFs
US Dominates Global Bitcoin ETF Inflow of $10 Billion in Q1
In a groundbreaking development, recent 13F disclosures revealed that companies around the world have significantly increased their investments in the sector. US Spot Bitcoin ETF. Data suggests that 937 institutional investors considered investing in these ETF products with a contribution of over $10 billion in assets under management.
Global Influx into Spot Bitcoin ETF
According to data compiled through the latest 13F filings with the SEC, companies in 12 countries reported holding these new financial instruments. Additionally, the United States leads with over $9.27 billion in reported investments.
Major US banks such as Morgan Stanley and Wells Fargo surprised the industry by disclosing large Bitcoin ETF holdings. This marked a pivotal moment in the adoption of digital assets by traditional financial institutions. A total of 898 US holders reported investing in various Bitcoin ETF issuers.
Furthermore, Millennial Management has become the largest institutional player with $2 billion invested in these ETF products. Other prominent companies like Susquehanna International Group (SIG) and Boothbay Fund Management have also made significant investments. Boothbay alone has injected more than $377 million into ETFs issued by major players such as BlackRock, Grayscale, Fidelity and Bitwise. This substantial participation by US companies highlights the country’s leadership in the booming Bitcoin ETF market.
Globally, Hong Kong has become the second largest hub for Bitcoin ETF investments, with 15 holders committing $210.93 million. Additionally, Jersey trails behind with 10 holders and a combined investment of $58.25 million. Additionally, Canada ranked fourth, with seven holders investing $54.88 million.
Other notable contributors included companies from the Cayman Islands, Israel and Switzerland, which invested $16.90 million, $14.35 million and $8.28 million, respectively. Additionally, companies from Puerto Rico, the United Kingdom, Australia, the Netherlands and France collectively contributed $18.85 million to the global total.
Read also: Spot Bitcoin ETFs net $1.3 billion in May, reversing April’s outflows of $344 million
BTC ETF Inflows Increase
As of May 2024, Spot Bitcoin ETFs have generated $1.5 billion in inflows to date. On Friday, May 17, ETFs saw a positive net flow of $221.5 million. Blackrock IBIT ETF recorded an inflow of $38.1 million. However, Fidelity Wise’s FBTC took the lead with inflows of $99.4. Bitwise’s BITB ETF also saw a strong inflow of $20.8 million.
Grayscale’s GBTC ETF continued its inflow streak with $31.6 million added. Additionally, the Ark 21Shares Bitcoin ETF (ARK) saw an inflow of $10 million. Valkyrie’s BRRR and VanEck’s HODL contributed $6.4 million and $9.5 million, respectively. Additionally, the week represented a massive inflow of $948.3 million, surpassing April’s outflows of $343 million.
Read also: US Bitcoin Spot ETFs Bought 5x Total BTC Mined This Week