Nearly 1,000 Firms Invest in Spot Bitcoin ETFs Since January Launch

937 firms invested over $11 billion in US spot Bitcoin ETFs in the first quarter - K33 Research

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- 44% of institutions own IBIT.

- 65% own Grayscale Bitcoin Trust (GBTC).

- 99% of institutions are US-based.

Hong Kong-based firms are the second most common.