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Over 600 Financial Institutions Reveal Billions Invested in U.S. Bitcoin Spot ETFs
Over 600 Financial Institutions Reveal Billions Invested in U.S. Bitcoin Spot ETFs
More than 600 companies have disclosed substantial investments in the spot market Bitcoin Exchange-traded funds (ETFs) have been declared in their 13F filings submitted to the U.S. Securities and Exchange Commission (SEC) over the past week. According to the leaked data, professional investment firms have reported holdings of Bitcoin ETFs worth a staggering $3.5 billion.
Millennium Management emerges as the largest investor in BTC ETFs, having allocated a whopping $1.9 billion. Their investments include $844.2 million in BlackRock’s iShares Bitcoin Trust (IBIT), $806.7 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC), $202 million in Grayscale Bitcoin Trust (GBTC), $45 million in ARK 21Shares Bitcoin ETF (ARKB), and $44.7 million in Bitwise Bitcoin ETF (BITB).
It is closely followed by Schonfeld Strategic Advisors, a hedge fund with $13 billion in assets under management, with a substantial investment of $248 million in BlackRock’s ETF and another $231.8 million in Fidelity’s fund, for a total of $479 million.
Morgan Stanley, a leading financial institution, announced a substantial investment of $269.9 million in GBTC, cementing its position as one of the largest holders of GBTC. Aristeia Capital, an alternative asset manager, revealed a $163.4 million investment in IBIT.
Other financial giants such as JPMorgan, Wells Fargo, UBS, BNP Paribas, and the Royal Bank of Canada are also on the list of investors. Although the last few weeks have seen a significant slowdown in inflows, the Bitcoin spot ETFs have seen huge demand in the first three months since their launch in mid-January.