Investment Advisors Lead Spot Bitcoin ETFs with Over $10 Billion in Assets
Recent SEC filings reveal a significant institutional presence in U.S. spot crypto ETFs, particularly among investment advisors.
- Investment advisors hold over $10.28 billion in spot bitcoin ETF assets, approximately 124,753 BTC.
- They account for nearly half of total declared crypto assets across various funds.
- Hedge fund managers follow with $6.9 billion in BTC ETF assets, around 83,934 BTC.
- Advisors are projected to increase their share of spot Bitcoin ETF assets from 20% to 35%-40% as traditional finance adopts these products.
- In ether ETFs, advisors lead with $582 million, equating to 320,089 ETH, while hedge funds hold $244 million, or 134,469 ETH.
- Total institutional exposure for ether ETFs exceeds $1.06 billion, representing 587,348 ETH.