Recent data reveals that institutional investors now own about 20% of all Bitcoin-based exchange-traded funds (ETFs) traded in the US. BlackRock's iShares Bitcoin Trust ETF (IBIT) leads in total BTC held by institutions with over 71,000 BTC, despite its institutional adoption rate being below average at 18.38%. Grayscale's GBTC follows with 44,707.89 BTC held by institutions, representing 20.25% of its shareholders, while Fidelity's FBTC ranks third with 44,623.23 BTC and a 24.14% institutional ownership rate.
ARK 21Shares' ARKB boasts the highest institutional adoption, with 32.8% of its shares owned by asset managers, equivalent to 17,166 BTC. At the other end, Grayscale's Bitcoin Mini Trust has the lowest institutional participation at 1.52%, and the CoinShares Valkyrie ETF (BRRRR) records the smallest absolute holdings of 451.26 BTC among institutions.
Leaked information has revealed that BlackRock, the world's largest asset manager, is in talks to buy a stake in the ‘king’ of bitcoin spot exchange-traded fund (ETF) holders.
