K33: Institutions held nearly $27 billion in Bitcoin ETFs as of Q4, accounting for more than 25% of total AUM

Odaily Planet Daily News K33 Research research director Vetle Lunde pointed out in a report that as of December 31 last year, institutional investors held 25.4% of the asset management scale (AUM) of spot Bitcoin ETFs, totaling US$26.8 billion. The percentage of Bitcoin ETF AUM held by institutions increased by 113% between the third and fourth quarters of 2024. In addition, the proportion of AUM held by institutions increased by 4.1% quarterly, and the total amount jumped 69% to US$78.8 billion at the end of the fourth quarter. According to Lunde's data, the number of investors who obtained Bitcoin exposure through ETFs reached 1,576 last quarter, a quarterly increase of 37.4% and an annual increase of 68.2%. In addition, institutional interest in BlackRock IBIT increased more than 4 times in 2024. At the end of the fourth quarter of last year, institutions reported that they held US$16 billion in IBIT shares, compared with less than US$4 billion at the end of the first quarter of last year. Most of the growth occurred between the third and fourth quarters. (CryptoSlate)