Over the past week, more than 600 companies have disclosed significant investments in the Bitcoin fund.
Over the past week, more than 600 companies have disclosed significant investments in the Spot Bitcoin ETF in their latest 13F filings with the United States Securities and Exchange Commission (SEC).
The chief investment officer of crypto asset manager Bitwise estimates that by the May 15 deadline, nearly 700 professional firms will have invested $5 billion in a Bitcoin (BTC) exchange-traded fund. According to filing data dated May 9, 563 professional investment firms reported holding $3.5 billion in Bitcoin exchange-traded funds.
They include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada and hedge funds such as Millennium Management and Schoenfeld Strategic Consulting.
Millennium Management is the largest investor in the BTC ETF with $1.9 billion invested. Millennium invested $844.2 million in IBIT from BlackRock, $806.7 million in FBTC from Fidelity, $202 million in GBTC from Grayscale, $45.0 million in ARKB from Ark and $44.7 million dollars in BITB from Bitwise.
Schonfeld Strategy Advisors, a hedge fund with $13 billion in assets under management, was the second largest spot BTC ETF investor with $248 million invested in IBIT and $231.8 million invested in FBTC, for a total of $479 million.
Boothbay Fund Management, a New York-based hedge fund management firm, announced $377 million in exposure to Bitcoin ETFs, including $149.8 million in IBIT, $105.5 million in FBTC, 69, $5 million in GBTC and $52.3 million in BITB.
Pine Ridge Advisers, a New York-based advisory firm, announced a $205.8 million investment in Bitcoin exchange-traded funds, which included $83.2 million from BlackRock’s IBIT, $93.4 million of FBTC from Fidelity and $29.3 million from IBIT from BlackRock. from Bitwise.
Morgan Stanley revealed a $269.9 million investment, entirely in GBTC’s Grayscale, making it one of the largest holders of GBTC. Aristeia Capital Llc, an alternative asset manager, revealed a $163.4 million investment in IBIT.
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Graham Capital Management, a Connecticut-based investment firm, announced an investment of $98.8 million in IBIT and $3.8 million in FBTC, while CRCM LP revealed an investment of $96.6 million in IBIT. Fortress Investment Group LLC, a New York-based investment firm, revealed a $53.6 million investment in IBIT.
The Bitcoin spot trading fund (ETF), launched in the second week of January, saw huge demand in the first three months of its launch. However, over the past month, flows have decreased significantly. Despite the recent decline in capital inflows, hundreds of financial institutions have disclosed billions in investments in the BTC exchange-traded fund.
review: Cryptocurrency Regulation – Does SEC Chairman Gary Gensler Have the Final Say?
