Top 10 Institutions Hold Over $4.5 Billion in BTC Spot ETFs in the US

Top 10 Institutions Hold Over $4.5 Billion in BTC Spot ETFs in the US

**Top US Institutions Hold Over $4.5 Billion in BTC Spot ETFs** Institutional investors are increasingly gaining exposure to Bitcoin (BTC) through spot exchange-traded funds (ETFs). As of Q1 2023, the top 10 institutions with exposure to BTC spot ETFs collectively hold over $4.5 billion worth of these investment vehicles, according to data from FlowState, a newsletter platform dedicated to Bitcoin ETFs. The largest holder among these institutions is Millennium Management, with $1.8 billion invested in BTC spot ETFs. Susquehanna International Group (SIG) follows with $1.1 billion, while Bracebridge Capital holds $404 million. Other notable holders include Boothbay Fund Management LLC ($303 million), Morgan Stanley ($251 million), Ark Investment ($192 million), Aristeia Capital ($152 million), Wisconsin Investment Board ($151 million), HBK Investments ($105 million), and Graham Capital ($93.75 million). Institutional interest in BTC spot ETFs has grown significantly in recent months, as these products offer a convenient and regulated way to gain exposure to the cryptocurrency. Spot ETFs track the price of the underlying asset directly, providing investors with real-time exposure to BTC. **Previously on 16 May 2024**, the top 10 institutions with exposure to Bitcoin spot ETFs collectively held over $4.5 billion worth of these investment vehicles.