Institutional Holdings Of Bitcoin ETFs Surge In Q4 2024

According to BlockBeats, recent 13F filings submitted to the U.S. Securities and Exchange Commission (SEC) reveal a significant increase in institutional holdings of spot Bitcoin ETFs during the fourth quarter of 2024. Large institutions, such as pension funds and hedge funds, have more than doubled their investments in these financial products. By the end of Q4 2024, institutional investors held spot Bitcoin ETFs valued at $38.7 billion, a substantial rise from the $12.4 billion reported in the third quarter. This marks a more than threefold increase in holdings. The Wisconsin Investment Board notably increased its shares in BlackRock's iShares Bitcoin Trust (IBIT) to slightly over 6 million shares. Additionally, billionaire hedge fund investor Paul Tudor expanded his holdings in IBIT from 4,428,230 shares to 8,048,552 shares, nearly doubling his investment. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, noted that IBIT currently has 1,100 institutional holders reporting their stakes through 13F filings. In contrast, most newly launched ETFs typically have fewer than 10 institutional holders.