Surge in Investments in Spot Bitcoin ETFs in Q1, Crypto Analyst Reveals 🚀
A senior analyst from crypto intelligence platform K33 Research has disclosed a significant increase in investments in spot Bitcoin (BTC) exchange-traded funds (ETFs) during the first quarter of the year.
Professional Firms Favor Bitcoin ETFs Over Gold ETFs 💼
- Vetle Lunde shared on social media platform X that professional firms showed more interest in Bitcoin ETFs than gold ETFs in Q1.
- 937 professional firms invested in US spot ETFs by March 31.
- Gold ETFs attracted only 95 professional firms in their first quarter.
Role of 13F Filings in Institutional Investments 📊
- 13F filings are quarterly reports submitted by institutional investment managers with over $100 million in assets under management (AUM) to the SEC.
- In the first quarter, retail investors dominated the scene, holding $47.96 billion in spot Bitcoin ETFs.
Institutional Interest Focused on Major ETFs 🔍
- Key ETFs like ARK 21Shares Bitcoin ETF (ARKB) and VanEck Bitcoin Trust (HODL) attracted significant institutional capital.
- Financial giants like Morgan Stanley and JPMorgan have acquired substantial shares in Bitcoin ETFs.
States and Institutions Enter the Bitcoin Trust Space 🏦
- Financial institutions like Wells Fargo and the State of Wisconsin have disclosed holdings in Bitcoin trusts.
- New filings show that the State of Wisconsin Investment Board has sizable investments in Bitcoin ETFs.
Generated Image: Midjourney
The post More Than 900 Professional Firms Bought Into Spot Bitcoin ETFs in Q1, According to Crypto Intelligence Firm appeared first on The Daily Hodl.
Hot Take: Growing Institutional Focus on Bitcoin ETFs 📈
An increasing number of professional firms are turning to spot Bitcoin ETFs as a preferred investment choice, surpassing the popularity of gold ETFs. This shift in institutional interest highlights the growing acceptance and adoption of cryptocurrency in the traditional financial sector. With financial giants like Morgan Stanley and JPMorgan actively acquiring Bitcoin ETF shares, the trend is expected to continue, signaling a significant movement towards digital assets among established institutions.
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