There is a strong institutional existence in the US Crypto Exchange-Traded Fund (ETF) spot, along with investment advisers who take a leader, according to recent SEC filings.
Investment advisers now hold more than $ 10.28 billion in the Bitcoin spot
ETF assets, representing 124,753 BTC. Investment advisers hold about half of the total crypto assets declared by different funds. Hedge fund managers are seconds to hold $ 6.9 billion worth of BTC ETF, or nearly 83,934 BTCs, followed by brokers and holding companies.
These figures, which are highlighting Bloomberg ETF Analyst Eric BalchunasEmphasizes how advisors moved on to the top “number one of a mile.”
Balchunas estimates that 13F filers currently make up about 20% of the total area of Bitcoin ETF assets, a number that is likely to grow to 35% -40% because traditional finances embrace the product.
There is a similar trend to the ether
. Counselors are in charge of $ 582 million in exposure, representing 320,089 ETH, while hedge funds hold $ 244 million, or 134,469 ETH, according to Bloomberg ETF analyst James Seyffart.
Total exposure to institutional ETH ETF is now standing for more than $ 1.06 billion, or 587,348 ETH. Although smaller than the trace of Bitcoin, it indicates an increase in interest in various crypto exposure.
