**Bitcoin ETFs See Massive Uptake by Major Asset Managers**

In Q2 2024, Goldman Sachs, Capula Management, and Avenir Tech emerged as top buyers of Bitcoin (BTC) exchange-traded funds (ETFs), according to CoinShares Research. These firms collectively purchased nearly $1.3 billion worth of BTC ETF shares.

Since their January launch, Bitcoin ETFs have experienced significant demand, partly driven by adoption from major financial institutions like Morgan Stanley. Dave LaValle of Grayscale noted that inflows have surpassed $15 billion, marking a historic high.

Capula led the pack with $470 million in BTC ETF shares, followed by Goldman Sachs and Avenir with $419 million and $388 million, respectively. Other notable buyers include Galacia Asset Management and DE Shaw.

Despite the growing interest, hedge funds hold the largest Bitcoin allocations, averaging 2.2%, while banks and pension funds remain cautious with minimal allocations. However, experts predict that even conservative institutions will eventually increase their crypto ETF investments.