The price of bitcoin can be volatile, but that has not prevented giant financial institutions from continuing to invest more.
Large institutions such as hedge pensions or funds tripled their assets on Bitcoin funds on funds (ETF) in the fourth quarter of 2024, data from the 13F documents with the Securities and Exchange Commission (SEC).
Institutional investors bought $ 38.7 billion from the Bitcoin ETF spot, according to Bitwise Chief Investment Office, Matt Hougan. This represents more than three times the previous quarter, in which only $ 12.4 billion was reported.
Investors with assets of more than $ 100 million are required by the dry to report their assets each quarter.
Several hedge funds and pension funds, among others, have started to buy funds since January 2024, when the Bitcoin ETF were launched for the first time. Since then, some of them have increased their assets in the past year, such as the Wisconsin State Investment Council, which has increased its assets to just over 6 million Ishares shares Blackrock Bitcoin Trust (Ibit) on December 31.
Similarly, the investor of intellective funds billionaire Paul Tudor almost doubled his participation in Ibit to 8,048,552 shares, against 4,428,230. Meanwhile, Corvex Management, an asset management company founded by the investor Keith Meister in December 2010, revealed to hold more than a million actions in Ibit at the end of the fourth quarter.
According to Bloomberg Intelligence Senior Analyst Eric Balchunas, Ibit currently has 1,100 institutional holders who have reported their participation via 13F deposits. He said most of the newly launched ETF generally have less than 10 holders.
“No way to follow but I assume that the first year record before it was [probably] Like 350 [institutional holders for new ETFs]”Wrote Balchunas.
