Over 900 institutions hold Bitcoin ETFs
According to statistics from research firm K33 Research, all 13F position reports (Form 13F) disclosed in the first quarter of 2024 show that a total of 937 institutions hold Bitcoin spot ETFs. By comparison, there are just 95 institutions holding gold ETFs.
According to the regulations of the U.S. Securities and Exchange Commission (SEC), institutional investment managers (including large hedge funds, mutual funds, pension funds, etc.) with at least US$100 million in assets must submit a 13F position report (Form 13F) within 45 days after the end of each quarter. 13F), discloses all managed long positions in equity assets (stocks, ETFs) (excluding other assets such as futures & fixed income), and even foreign banks (such as BNP Paribas), if they trade in the United States, e.g. from the United States Issuers who purchase ETFs must also submit reports.
BlackRock IBIT Most Popular
On the other hand, BlackRock’s Bitcoin spot ETF – IBIT has the largest number of institutional holders among all U.S. Bitcoin spot ETFs, at 414, according to data shared by Bloomberg analyst Eric Balchunas. Eric Balchunas said this was an "incredible" result.
$IBIT ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record. Even having 20 holders as a newborn is bfd, highly rare. Here's a look at how the btc ETFs compare to other ETFs launched in Jan (aka the Class of 2024) in this metric. pic.twitter.com/ngicEdbaTq
— Eric Balchunas (@EricBalchunas) May 16, 2024
Which institution buys the most
Among them, asset manager Millennium Management has the largest IBIT holdings, with $844 million worth of IBIT, while Schonfeld Strategy Advisors and Aristeia Capital follow with $248 million and $163 million respectively.
This article shows that the US 13F position report shows that more than 900 institutions hold Bitcoin ETFs, which is nearly 10 times more than gold ETFs! First appeared in Zombit.
