CoinShares Research Director: 13F documents only disclose 25% of Bitcoin ETF holdings, currently at $15 billion

James Butterfill, head of research at CoinShares, said in a post on the X platform that the recent 13F filings for Bitcoin ETFs submitted to the SEC only capture a limited amount of data. So far, 25% of the disclosed data already represents $15 billion in holdings. There are more than 1,900 institutions/companies holding Bitcoin spot ETFs in the United States, with an average Bitcoin allocation of 0.6% in their portfolios, of which hedge funds, private equity, and holding companies hold 2.1%, 1.5%, and 1% of Bitcoin, respectively.