Institutional Investors Increase Bitcoin ETF Holdings to $38.7 Billion
Large financial institutions significantly increased their investments in spot bitcoin exchange-traded funds (ETFs) during the fourth quarter of 2024. Key points include:
- Institutional investors acquired $38.7 billion in spot bitcoin ETFs, up from $12.4 billion in the previous quarter.
- Investors with assets over $100 million report holdings quarterly to the SEC.
- Since January 2024, when bitcoin ETFs launched, several hedge funds and pension funds have been increasing their stakes.
- The State of Wisconsin’s investment board raised its holdings to over 6 million shares of BlackRock’s iShares Bitcoin Trust (IBIT).
- Billionaire investor Paul Tudor increased his stake in IBIT to 8,048,552 shares.
- Corvex Management held over a million shares in IBIT at the end of Q4.
- As of now, IBIT has 1,100 institutional holders, which is unusually high for a newly launched ETF.
Data indicates a growing interest from institutional players despite bitcoin's price volatility.