Over the past week, more than 600 firms have revealed significant investments in spot Bitcoin exchange-traded funds (ETFs) in their 13F filings with the United States Securities and Exchange Commission (SEC).
According to the filing data, professional investment firms reported owning $3.5 billion worth of Bitcoin ETFs.
Among them are Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada and hedge funds like Millennium Management and Schonfeld Strategic Advisors.
Millennium is the largest BTC ETF investor, with $1.9 billion invested. It invested $844.2 million in BlackRock’s iShares Bitcoin Trust (IBIT), $806.7 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC), $202 million in the Grayscale Bitcoin Trust (GBTC), $45.0 million in the ARK 21Shares Bitcoin ETF (ARKB) and $44.7 million in the Bitwise Bitcoin ETF (BITB).
Schonfeld Strategic Advisors, a hedge fund with $13 billion in assets under management, was the second-largest spot BTC ETF investor with a $248 million investment in BlackRock’s ETF and a $231.8 million investment in Fidelity’s fund, totaling $479 million.
