The price of Bitcoin can be volatile, but did not prevent giant financial institutions from continuing to invest more.
The large institutions, such as pensions or coverage funds, tripled their holdings of funds quoted in the stock market (ETF) Spot Bitcoin in the fourth quarter of 2024, showed data of presentations 13f before the Bag and Securities Commission (SEC).
Institutional investors bought $ 38.7 billion at the Bitcoin ETF spot, according to Bitwise investments director Matt Hougan. This is more than three times the previous quarter, in which only $ 12.4 billion in holdings were reported.
The SEC requires that investors with assets exceeding more than $ 100 million denounce their holdings each quarter.
Several coverage funds and pension funds, among others, have begun to buy the funds since January 2024, when Bitcoin ETFs were launched for the first time. Since then, some of them have increased their owners December.
Similarly, the billionaire coverage fund investor Paul Tudor almost doubled his participation in Ibit at 8,048,552 shares, compared to 4,428,230. Meanwhile, Corvex Management, an asset management firm founded by investor Keith Meister in December 2010, revealed to have more than one million shares in Ibit at the end of the fourth quarter.
According to Bloomberg Intelligence ETF senior, Eric Balchunas, Ibit currently has 1,100 institutional holders who have reported their participation through 13F presentations. He said that most ETFs freshly launched have less than 10 holders.
“There is no way to track, but I suppose it is the record of the first year before this was [probably] As 350 [institutional holders for new ETFs]”Balchunas wrote.
