As a researcher with a background in finance and experience tracking institutional investment trends in digital assets, I find these recent 13F disclosures to be an intriguing development. The significant increase in investments by corporate firms from around the world into U.S. Spot Bitcoin ETFs is a clear indication of growing institutional interest in this asset class.
In a noteworthy turn of events, as disclosed in the latest 13F filings, international corporations have markedly ramped up their purchases of U.S.-listed Bitcoin ETFs. The figures indicate that approximately 937 institutional investors are now considering these ETF offerings, collectively managing over $10 billion in assets under management (AUM).
Global Influx Into Spot Bitcoin ETF
Based on the most recent 13F filings submitted to the SEC, a total of 12 countries have disclosed ownership of these novel financial instruments. Among these, the US holds the largest investment amounting to approximately $9.27 billion.
As a researcher studying the latest trends in the financial industry, I was taken aback by the unexpected disclosures from reputable American banks like Morgan Stanley and Wells Fargo regarding significant holdings in Bitcoin Exchange-Traded Funds (ETFs). This revelation signified a turning point in the acceptance of digital assets by traditional financial institutions. In fact, a total of 898 U.S.-based investors reported investments in various Bitcoin ETF offerings.
As a financial analyst, I’ve discovered that Millennium Management stands out as the largest institutional investor with a $2 billion commitment to Bitcoin ETFs. Notable firms such as Susquehanna International Group (SIG) and Boothbay Fund Management have also made substantial investments, with Boothbay contributing over $377 million to ETFs issued by industry leaders like BlackRock, Grayscale, Fidelity, and Bitwise. The significant participation of these U.S.-based firms underscores America’s leading role in the rapidly growing Bitcoin ETF market.
Worldwide, Hong Kong ranks as the second-largest destination for Bitcoin ETF investments, with 15 investors collectively putting in $210.93 million. Jersey follows closely behind with 10 investors and a total investment of $58.25 million. Canada comes in fourth place, with seven investors investing a combined $54.88 million.
As a researcher studying investment trends, I discovered that firms based in the Cayman Islands, Israel, and Switzerland made significant contributions with investments of $16.90 million, $14.35 million, and $8.28 million respectively. Moreover, companies hailing from Puerto Rico, the United Kingdom, Australia, the Netherlands, and France collectively poured in $18.85 million to the global investment pool.
BTC ETF Inflows Surge
In May 2024, Spot Bitcoin ETFs attracted an impressive total of $1.5 billion in investments. On May 17 alone, these ETFs saw a net gain of $221.5 million. Blackrock’s IBIT ETF gained $38.1 million, but it was Fidelity Wise’s FBTC that led the way with an inflow of $99.4 million. Bitwise’s BITB also experienced a substantial influx of $20.8 million.
The Grayscale GBTC Exchange-Traded Fund (ETF) saw an inflow of $31.6 million last week. Additionally, the Ark 21Shares Bitcoin ETF (ARK) attracted $10 million in investments. Valkyrie’s BRR and VanEck’s HODL funds contributed $6.4 million and $9.5 million respectively. In total, a significant amount of $948.3 million flowed into these Bitcoin-focused ETFs during the week, surpassing April’s outflow by a substantial margin.
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2024-05-18 10:12