Institutional Investors Flock to Bitcoin ETFs: 937 US Companies Invest in Q1

Institutional Investors Flock to Bitcoin ETFs: 937 US Companies Invest in Q1

At least 937 US-based professional investors (companies) invested in spot bitcoin exchange-traded funds (ETFs) in the first quarter of 2023, according to a report by crypto research firm K33 Research. This is a significant increase from the mere 95 companies that invested in gold ETFs during the same period. Professional investors now account for about 18.7% of the total assets under management (AUM) in spot bitcoin ETFs. While most spot bitcoin ETFs have a larger proportion of their holdings from individual investors, Ark 21Shares and VanEck's bitcoin spot ETFs have a higher proportion of institutional holdings. This influx of institutional investment is a positive sign for the cryptocurrency industry, as it indicates that more and more traditional financial institutions are becoming comfortable with investing in bitcoin. Previously on [date], "According to Vetle Lunde, senior analyst at crypto research firm K33 Research, via X, "An aggregation of 13F filings (security ownership statements) submitted to the U.S. Securities and Exchange Commission by March 31 shows that at least 937 U.S.-based professional investors (companies) invested in spot bitcoin exchange-traded funds (ETFs). This is in contrast to just 95 companies investing in gold ETFs. Notably, professional investors accounted for about 18.7% of the total assets under management (AUM) in spot bitcoin ETFs. While most spot bitcoin ETFs had a larger proportion of their holdings from individual investors, Ark 21Shares and VanEck's bitcoin spot ETFs had a higher proportion of institutional holdings." Earlier, Julian Fahrer, the co-founder of the Bitcoin ETF-focused newsletter platform FlowState, reported that the top 10 organizations holding spot bitcoin ETFs had a combined total of $4.5 billion (about 6 trillion Korean won) worth of holdings." ---