Bitcoin

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As of March 31, 937 institutions had invested over $11 billion in U.S. spot Bitcoin ETFs. 
Senior Analyst at K33 Research Vetle Lunde says that $11.05 billion equals 18.7% of the total funds managed by BTC-based products. For comparison, only 95 firms invested in gold ETFs over the same period. 
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 According to 13F reporting, 937 professional firms were invested in U.S. spot ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter (Bitwise). Retail owns a majority of the float. Professional investors held exposure of $11.06bn… <a href="https://t.co/jYEQZkpDiT" target="_blank" rel="">pic.twitter.com/jYEQZkpDiT</a>— Vetle Lunde (@VetleLunde) <a href="https://twitter.com/VetleLunde/status/1791015341058891917?ref_src=twsrc%5Etfw" target="_blank" rel="">May 16, 2024</a>
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Morgan Stanley is among the 937 firms, investing $269.9 million in GBTC and becoming the second largest holder of an <a href="https://crypto.news/tag/etf/" target="_blank" rel="">ETF</a> from <a href="https://crypto.news/tag/Grayscale/" target="_blank" rel="">Grayscale</a> after Susquehanna International Group (~$1 billion). 
Institutions invested the most actively in GBTC, with a total of $4.38 billion. Following the Grayscale fund is IBIT from <a href="https://crypto.news/tag/BlackRock/" target="_blank" rel="">BlackRock</a>, which has seen $3.23 billion in investments. FBTC from Fidelity closes the top three with investments of $2.1 billion. 
 You might also like: <a href="https://crypto.news/arkb-etf-records-133-million-in-inflows-as-btc-surged/" rel=""> ARKB ETF records $133 million in inflows as BTC surged </a> 
On May 15, the net inflow into spot Bitcoin ETFs <a href="https://crypto.news/spot-btc-etfs-recorded-303m-in-inflows-amid-bullish-momentum/" rel="">increased</a> to $303 million, including $131 million in FBTC and $86.3 million in BITB. Since approval, inflows into spot Bitcoin ETFs have exceeded $12 billion, with the positive trend continuing for the third day in a row, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="">SoSoValue</a>. 
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 Source: <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="">SoSoValue</a>
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On May 13, <a href="https://crypto.news/tag/Bitwise/" rel="">Bitwise</a> Chief Investment Officer Matt Hougan <a href="https://experts.bitwiseinvestments.com/cio-memos/whos-buying-bitcoin-etfs-according-to-13f-filings" target="_blank" rel="">emphasized</a> that investing in Bitcoin ETFs is a new trend among institutions. According to him, about 563 investment companies have reportedly collectively invested about $3.5 billion in ETFs. 
Hougan compares interest in spot Bitcoin ETFs to the surge in demand for gold-focused exchange-traded funds launched in 2004. Gold ETF funds were highly successful, raising over $1 billion in the first five trading days. 
 You might also like: <a href="https://crypto.news/bitcoin-etfs-wisconsin-holdings-crypto/" rel=""> Wisconsin holds nearly $170m in Bitcoin ETFs </a>

K33 Research: Over 900 institutions invested $11b in spot Bitcoin ETFs

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