BNP Paribas buys BlackRock Bitcoin ETF! More institutions may disclose in the next two weeks

This site (120bTC.coM): The U.S. Securities and Exchange Commission (SEC) approved the decision to list multiple Bitcoin spot ETFs in January this year, providing a large number of retail and institutional investors with It is considered a compliant channel to enter the cryptocurrency market and is considered to be one of the most important catalysts for this bull market.

However, market analysts believe that retail investors have mostly bought Bitcoin ETFs in recent months, and institutions have not yet moved so fast... In other words, a truly large-scale capital wave may still be coming. .

BNP Paribas invests in Bitcoin spot ETF

According to a report by Bitcoin Magazine yesterday (2nd), the asset management scale exceeded US$600 billion. BNP, the second largest bank in Europe, Paribas, disclosed in a recent 13F filing with the SEC that it has invested in the Bitcoin spot ETF through the asset management giant BlackRock’s IBIT.

It is worth noting that since large investment institutions with assets under management of more than US$100 million must disclose their quarterly positions through 13F documents before May 15, in addition to BNP Paribas, there will be As more banks disclose their holdings, it may be discovered that more institutions have bought Bitcoin.

In addition, analysts also pointed out that although the investment amount disclosed by BNP Paribas this time was only US$40,000, accounting for only 0.07% of its total assets, the participation of banking institutions can show that Bitcoin spot ETFs are increasingly popular in the market. recognition and attention, which is undoubtedly a great benefit for Bitcoin and even cryptocurrencies.

The cumulative net inflow of Bitcoin spot ETF reached US$11.2 billion

According to Sosovalue data, since the Bitcoin spot ETF was approved for listing on January 11, as of May 1, this type of The total net inflow of funds from the products reached US$11.2 billion, and the total net asset value was approximately US$47.1 billion.

In addition, Hong Kong also officially listed the Bitcoin and Ethereum spot ETF products of three asset management companies, Boshi, Huaxia, and Harvest, on April 30, which is the first time in Asia.

In the future, if more important traditional financial institutions like BNP Paribas enter the market, it is expected to bring more funds to Bitcoin.

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