Spot Bitcoin (BTC) ETFs Are Doing Well as Their Inflows Accelerate, Helped by Institutional and Retail Investors
- 王林Original
- 2024-07-18 01:29:01510browse
Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion.
Institutions are snapping up Bitcoin ETFs, and their役割 is bigger than thought
Institutions are piling into Bitcoin exchange-traded funds (ETFs) at a scale that’s larger than previously thought, with some of the world’s biggest asset managers buying the funds.
Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion.
Blackrock’s iShares Bitcoin Trust (IBIT) leads the market, having accumulated over 316k coins valued at over $18 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with over 176k coins. Other notable Bitcoin ETFs include Cathie Wood’s ARKB, Bitwise’s BITB, and Invesco’s BTCO, holding 47,765, 39,420, and 7,197 coins respectively.
However, a closer look at SEC filings and chain data reveals that institutions are buying these ETFs at a much larger scale than previously reported. A manual count of 80 institutions found in SEC filings showed that they own a combined 17% of the ETF holdings, according to a report by Blockworks on Monday.
This institutional buying is set to continue as more companies are showing an interest in crypto. For example, a recent report showed that funds like Millenium Management, Susquehanna, Horizon Kinetics, and Jane Street have bought Bitcoin ETFs. The other notable companies were Fortress Investment, Apollo Global, and Farallon Capital.
Millennium is a $68 billion fund managed by billionaire Izzy Englander. Apollo Global is one of the top private equity firms in the world. Susquehanna is owned by a Trump ally and one of the biggest investors in TikTok.
Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total ETF holdings. While not all can be considered institutional investors, significant numbers are included. Viewing ETF inflows solely as retail contributions seems inappropriate.
институционалы скупают биткойн etf, их роль больше, чем вы думаете
Institutions are snapping up Bitcoin exchange-traded funds (ETFs) at a scale that’s larger than previously thought, with some of the world’s biggest asset managers buying the funds.
Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion.
Blackrock’s iShares Bitcoin Trust (IBIT) leads the market, having accumulated over 316k coins valued at over $18 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with over 176k coins. Other notable Bitcoin ETFs include Cathie Wood’s ARKB, Bitwise’s BITB, and Invesco’s BTCO, holding 47,765, 39,420, and 7,197 coins respectively.
However, a closer look at SEC filings and chain data reveals that institutions are buying these ETFs at a much larger scale than previously reported. A manual count of 80 institutions found in SEC filings showed that they own a combined 17% of the ETF holdings, according to a report by Blockworks on Monday.
This institutional buying is set to continue as more companies are showing an interest in crypto. For example, a recent report showed that funds like Millenium Management, Susquehanna, Horizon Kinetics, and Jane Street have bought Bitcoin ETFs. The other notable companies were Fortress Investment, Apollo Global, and Farallon Capital.
Millennium is a $68 billion fund managed by billionaire Izzy Englander. Apollo Global is one of the top private equity firms in the world. Susquehanna is owned by a Trump ally and one of the biggest investors in TikTok.
Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total ETF holdings. While not all can be considered institutional investors, significant numbers are included. Viewing ETF inflows solely as retail contributions seems inappropriate.
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