Recent statistics reveal that institutional entities are significantly investing in Spot Bitcoin ETFs, collectively owning 20% of their shares, which translates to around 193,000 BTC. This notable accumulation underscores the growing acceptance of Bitcoin among major institutional players.
Which Funds Lead in Bitcoin Holdings?
As per SEC 13F submissions, BlackRock’s IBIT fund emerges as the frontrunner in institutional Bitcoin holdings. Meanwhile, the ARK 21Shares Bitcoin ETF takes the lead in ownership ratio, indicating varying levels of institutional engagement across different funds.
How Many Institutions Hold Bitcoin ETFs?
Ki Young Ju highlights that 1,179 institutional investors are involved in Bitcoin through ETFs, including renowned firms like Goldman Sachs and Jane Street, showcasing the depth of corporate interest in this asset class.
The market valuation of approved Bitcoin funds is noteworthy, with around 1 million BTC held, amounting to about 4.6% of Bitcoin’s total supply and valued at roughly $64.25 billion. The approval of Spot Bitcoin ETFs in January 2024 has spurred swift growth in this sector.
- Institutional confidence in Bitcoin is strengthening.
- BlackRock and ARK lead in Bitcoin fund holdings.
- The market for Bitcoin ETFs is rapidly expanding.
- Local funds in Australia are gaining traction.
This rise in institutional engagement signals a pivotal moment for Bitcoin’s presence in traditional finance, potentially paving the way for broader market acceptance and integration.