4 months ago
23 ARTICLE AD
Institutional capital favors larger ETFs like ARKB and HODL.
Spot Bitcoin exchange-traded funds (ETFs) appeared in 937 professional firms’ 13F filings in the US, shared Vetle Lunde, senior analyst at K33 Research. In stark contrast, gold ETFs only saw investments from 95 professional firms in the same period, according to data from Bitwise.
Retail investors continue to hold the majority of the float, but professional investors accounted for over $11 billion in exposure by quarter’s end, which is 18.7% of the total Bitcoin ETF assets under management (AUM).
The trend indicates that larger ETFs are generally more attractive to institutional investors. Notably, ARKB and HODL ETFs have experienced a higher degree of institutional backing, largely due to allocations from prominent firms such as ARK and VanEck.
Among the professional firms that held Bitcoin ETF shares are JPMorgan, UBS, and Wells Fargo. Even the State of Wisconsin Investment Board revealed its holdings of over $99 million worth of BlackRock’s IBIT at the end of the first quarter.
However, as highlighted by Bloomberg ETF analyst James Seyffart, the 13F Forms are a “snapshot” of these institutions’ holdings as of March 31, and they don’t account for short positions and derivatives.
After the US inflation numbers came within the expected, investors turned to ETFs again. As reported by the X user Lookonchain, 9 ETFs added 3,893 BTC to their holdings, which is nearly $256 million.
Grayscale’s GBTC registered an outflow of 839 BTC, while Fidelity added 1,989 BTC to its holdings. BlackRock’s IBIT is inching closer to GBTC, falling less than 14,000 BTC short with its 274,755 BTC under management.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
