Major Financial Institutions Invest Billions in Spot Bitcoin ETFs Despite Decreased Inflows

In the past week, more than 600 companies have reported substantial investments in spot Bitcoin exchange-traded funds (ETFs) via their 13F filings with the United States Securities and Exchange Commission (SEC).

Major Financial Institutions and Hedge Funds Amass $3.5 Billion in Bitcoin ETF Holdings

Professional investment firms now hold approximately $3.5 billion worth of Bitcoin ETFs. Notable investors include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, the Royal Bank of Canada, and hedge funds such as Millennium Management and Schonfeld Strategic Advisors.

Institutional Giants: Millennium Management Leads Bitcoin ETF Investments with $1.9 Billion Allocation

Millennium Management emerges as the largest investor in Bitcoin ETFs, allocating $1.9 billion. This encompasses investments in various ETFs including BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), ARK 21Shares Bitcoin ETF (ARKB), and Bitwise Bitcoin ETF (BITB).

Schonfeld Strategic Advisors, managing $13 billion in assets, stands as the second-largest investor, committing $479 million across BlackRock’s ETF and Fidelity’s fund.

Boothbay Fund Management, headquartered in New York, reports $377 million invested in spot Bitcoin ETFs, while Pine Ridge Advisers, another New York-based firm, announces a $205.8 million investment.

Major Players' Investments

Morgan Stanley discloses a $269.9 million investment in GBTC, positioning itself as one of the largest GBTC holders. Aristeia Capital reveals a $163.4 million investment in IBIT.

Graham Capital Management, based in Connecticut, declares a $98.8 million investment in IBIT and $3.8 million in FBTC.

CRCM reports a $96.6 million investment in IBIT, while Fortress Investment Group, headquartered in New York, announces a $53.6 million investment in IBIT.

Spot Bitcoin ETFs Maintain Institutional Interest Despite Recent Inflow Decreases

Spot Bitcoin ETFs, launched in mid-January, initially experienced high demand. Despite recent decreases in inflows, numerous financial institutions continue to invest billions in spot Bitcoin ETFs.

Despite recent declines in inflows, the significant investments by major financial institutions indicate continued interest and confidence in spot Bitcoin ETFs.