Odaily Planet Daily News Bitwise CIO Matt Hougan wrote on X: "Bitcoin ETFs are being accepted by institutional investors faster than any other ETF in history. Don't believe the saying 'it's just retail investors'. The data proves otherwise. The Bitcoin ETF is the fastest growing ETF ever. Since its launch in January this year, it has attracted $17.5 billion in net inflows. This will break the record previously held by the Nasdaq-100 QQQs, which attracted about $5 billion in its first year on the market. However, the record-breaking speed has not silenced critics. Their most common complaint is: 'It's all retail buying. There are no institutional buyers.' To prove this, they mentioned 13F-quarterly disclosure documents that institutions must submit as required, showing the assets they hold. This is the data they like: According to the latest filing (second quarter of 2024), institutions only hold 21% of the current Bitcoin ETF asset management scale. The other 79% is held by retail investors. It sounds bad. But after in-depth analysis, I used Eric Balchunas (Bloomberg ETF I looked at the institutional holdings of the 10 fastest-growing new ETFs of all time (ranked by AUM one month after launch) based on a list by ETF analyst Bloomberg. Specifically, I looked at the number of institutional holdings and institutional AUM of these ETFs two quarters after launch. The results show that the Bitcoin ETF is far ahead in terms of institutional adoption. This is true whether measured by the number of institutions or AUM. The only ETF that is even remotely comparable is the Nasdaq-100 QQQs, but that’s not a very useful reference. That ETF launched in March 1999, but I didn’t find historical 13F data for the fund until Q1 2001 — 9 quarters after its launch. Even so, the Bitcoin ETF still has 3x more institutional holdings than it does now. The ‘problem’ is that the retail adoption of the Bitcoin ETF is so high that it makes the institutional adoption look insignificant by comparison. ETFs are great because both institutional and retail investors can own them. But don’t be fooled by the retail appetite for Bitcoin ETFs. ’s historic adoption, they are also gaining institutional attention faster than any other ETF in history.”

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