PANews, November 19 news, according to The Block report, the latest disclosed 13F documents in the United States show that institutional investors have adjusted their holding strategies for Bitcoin ETFs in the third quarter of 2024, indicating further penetration of crypto assets on Wall Street.
BlackRock's iShares Bitcoin Trust (IBIT) remains the market leader, with nearly 700 institutional holders and a total of 160.2 million shares, managing assets of $42 billion. Among them, Millennium Management increased its holdings by 12.6 million shares, reaching 23.5 million shares, valued at $848 million; Capula added 1.1 million shares of IBIT ($308 million) and FBTC ($288 million).
At the same time, some institutions have reduced or exited: Point72 has completely liquidated IBIT and FBTC, Jane Street has significantly reduced its holdings in IBIT but still holds ARKB, BITO, and FBTC. Goldman Sachs has increased its holdings by 5.77 million shares of IBIT, bringing its total to 12.7 million shares (worth $710 million), becoming the second-largest holder, while Morgan Stanley has reduced its holdings by nearly 450,000 shares, lowering its total position to $183 million. The total assets under management for Bitcoin ETFs have now reached $92 billion.
Analysis indicates that as institutions reassess their positions on crypto assets, a wave of more structural allocations may be on the horizon. This week, Bitcoin ETF options trading is expected to officially launch, further driving market development.