Tradfi investors stacked $ 38.7B in Bitcoin (BTC) ETF, three times more than previous quarter
The price of Bitcoin can be a change of mind but it does not prevent giant financial institutions from continuing to invest more.
Large institutions such as pensions or fence funds have tripled their area handles exchanged by Bitcoin Exchange (ETF) exchange funds in the fourth quarter of 2024, data shows from 13F that File with the Securities and Exchange Commission (SEC).
Institution investors bought $ 38.7 billion worth of Bitcoin ETF area, according to the Bitwise Chief Investment Officer, Matt Hougan. This is more than three times in the previous quarter, of which only $ 12.4 billion worth has been reported.
Investors with owners of over $ 100 million are asked by the SEC to report their holdings to each quarter.
Many fence funds and pension funds, among others, have begun to purchase funds since January 2024, when Bitcoin ETFs first launched. Since then, some of them have increased their holdings in the past year, such as the State of Wisconsin’s Investment Board, which has strengthened its holdings to more than 6 million shares of Ishares Bitcoin Trust (IBIT) by Blackrock on December 31.
Similarly, the billions of hedge funds Paul Tudor has almost doubled the stake to 8,048,552 shares, from 4,428,230. Meanwhile, Corvex Management, a asset management company established by investor Keith Meister in December 2010, revealed that holding more than one million distributors to Ibit at the end of the fourth quarter.
According to Bloomberg Intelligence Senior ETF Analyst Eric BalchunasIbit currently has 1,100 institutional holders who reported their stake through 13F filings. He said most of the newly launched ETFs usually have under 10 holders.
“There was no way to track but my guess was the note for the first year before it was (probably) like 350 (institution holders for new ETFs),” Balchunas wrote.
