K33 Research: 937 large institutions invested more than $11 billion in Bitcoin spot ETFs

The U.S. SEC stipulates that asset management institutions with stock assets under management exceeding US$100 million must submit a first quarter 13F report before the 15th to disclose their positions and provide relevant funds. whereabouts, so we can know which institutions hold the U.S. Bitcoin Spot ETF.

According to statistics from K33 Research, as of the end of the first quarter, 937 asset institutions have invested in the U.S. Bitcoin spot ETF, and the size of their positions has reached 11.06 billion U.S. dollars, accounting for 18.7% of the BTC ETF asset management scale. %. This means that retail investors and investment institutions with assets under management of less than US$100 million own the majority of the Bitcoin spot ETF’s circulation.

GBTC is the most favored by institutions, and BTCW institutions have the highest dominance

In addition, among various ETFs, GBTC is the most favored product by these institutions, with an amount of up to 4.38 billion US dollars, followed by IBIT's 3.23 billion USD and FBTC’s USD 2.1 billion.

Among the institutional holdings of various ETFs, WisdomTree’s BTCW, VanEck’s HODL and ArkInvest’s ARKB are the top three Bitcoin ETFs with the highest institutional holdings, accounting for 39%, 26% and 24% respectively.

7 Bitcoin spot ETF trading volume hit a 7-week high

On the other hand, Bitcoin spot ETF trading volume is growing strongly, research company Santiment Yu pointed out yesterday that the trading volume of the seven largest Bitcoin ETFs reached $5.65 billion, which was the highest single-day performance since March 24. In this regard, Santiment commented: “Gone are the days when whales only accumulated Bitcoin on the chain,” which means that the agency believes that whales are also buying Bitcoin spot ETFs.

Hedge fund manager Thomas Kralow said: "The surge in trading activity is a very positive indicator for the market."

Grayscale GBTC has maintained a net inflow for 2 consecutive days

In terms of capital flow, according to SoSoValue statistics, the latest inflow of all spot ETFs was US$257 million, of which Grayscale GBTC has maintained a net inflow for 2 consecutive days . On the 16th, GBTC had a net inflow of US$5 million in BTC, BlackRock's IBIT had an inflow worth US$94 million, and Fidelity's FBTC had an inflow of US$67 million.

According to statistics, the overall spot ETF has flowed into 10,458 BTC this week, with a current value of approximately US$683 million. Since its launch, spot ETFs have attracted more than $12.4 billion in funding.

Bitcoin stands at $66,000

As for the future direction of Bitcoin’s price, trading firm QCP Capital emphasized “real institutional and sovereign adoption.” , and the fact that Bitcoin has now exited the halving cycle. The agency pointed out: Whenever the price of Bitcoin fell below $60,000, there were multiple sharp V-shaped recoveries, which clearly indicated that this price range was a bargain-hunting area.

According to Binance spot market data, the price of Bitcoin regained above US$66,000 this afternoon and is now trading at US$66,151. It has increased slightly by 0.01% in the past 24 hours, almost reversing yesterday's decline.

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