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Major Firms Invest $3.5 Billion in Spot Bitcoin ETFs Despite Recent Inflow Decline

In the past week, over 600 companies have disclosed substantial investments in spot Bitcoin exchange-traded funds (ETFs) through their 13F filings with the United States Securities and Exchange Commission (SEC).

These filings reveal that professional investment firms hold $3.5 billion worth of Bitcoin ETFs.

Notable investors include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, the Royal Bank of Canada, and hedge funds such as Millennium Management and Schonfeld Strategic Advisors.

Millennium Management is the largest investor in Bitcoin ETFs, with $1.9 billion allocated.

This includes $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 million in the ARK 21Shares Bitcoin ETF (ARKB), and $44.7 million in the Bitwise Bitcoin ETF (BITB).

Schonfeld Strategic Advisors, managing $13 billion in assets, is the second-largest investor in spot Bitcoin ETFs, with $248 million in BlackRock’s ETF and $231.8 million in Fidelity’s fund, totaling $479 million.

Boothbay Fund Management, a hedge fund manager based in New York, reported $377 million in spot Bitcoin ETFs.

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This includes $149.8 million in IBIT, $105.5 million in FBTC, $69.5 million in GBTC, and $52.3 million in BITB.

Pine Ridge Advisers, another New York-based firm, announced a $205.8 million investment in spot Bitcoin ETFs, divided into $83.2 million in IBIT, $93.4 million in FBTC, and $29.3 million in BITB.

Morgan Stanley disclosed a $269.9 million investment in GBTC, positioning it as one of the largest GBTC holders. Aristeia Capital, an alternative asset manager, revealed a $163.4 million investment in IBIT.

Graham Capital Management, based in Connecticut, declared a $98.8 million investment in IBIT and $3.8 million in FBTC.

CRCM disclosed a $96.6 million investment in IBIT, while Fortress Investment Group, a New York-based firm, reported a $53.6 million investment in IBIT.

Spot Bitcoin ETFs were launched in the second week of January and saw significant demand in the first three months.

Despite recent declines in inflows, hundreds of financial institutions have invested billions in spot Bitcoin ETFs.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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