BTC will become an investment option for more and more institutions, and the certainty of a long bull market is getting stronger and stronger. We retail investors only need to hold BTC. Note that I said BTC, not a copycat.
Institutional investors disclosed their holdings of Bitcoin ETFs in the 13F report of the U.S. Securities and Exchange Commission (SEC), revealing their interest in this crypto asset.
So far, BNY Mellon and BNP Paribas are the first two institutions to disclose their holdings of Bitcoin ETFs. Their holdings are relatively small, but they have attracted market attention. Other institutions such as Quattro Advisors and Legacy Wealth Management in Pittsburgh also showed larger holdings, among which Quattro Advisors held more than 468,000 shares of Blackstone ETF.
In addition, analysts pointed out that more larger institutions may submit reports before the deadline, and investors' interest in Bitcoin ETFs is expected to continue to increase.