In a notable shift this year, cryptocurrency enthusiasts have begun paying attention to SEC’s 13F Forms for insights about Bitcoin (BTC). Following reports of former President Trump’s meeting with Coinbase’s CEO, BTC surged to $91,750, prompting curiosity about the recent 13F filings and their implications.
What Do the 13F Forms Reveal?
These forms provide detailed information about the buying and selling activities of companies with equity holdings exceeding $100 million. Major corporations are increasingly focusing on BTC, especially in relation to Bitcoin ETFs.
Who are the Key Institutional Players?
Among the prominent institutional investors, Millennium Management expanded its stake in BTC, acquiring an additional 12.6 million shares, totaling 23.5 million valued at $848 million. Other notable players include Capula, which holds substantial investments in both IBIT and FBTC, and Goldman Sachs, which increased its BTC ETF holdings by $710 million last quarter.
Key takeaways from these developments include:
- Increased corporate investment in Bitcoin ETFs reflects growing institutional interest.
- Millennium Management and other firms significantly expanded their BTC positions.
- Goldman Sachs has responded to client demand by bolstering its BTC ETF assets.
The trajectory of Bitcoin prices, coupled with expectations of further increases after Trump’s potential inauguration, suggests a likely acceleration in ETF accumulation going forward.
