More than 600 firms have shown billions in combined investments in Bitcoin ETFs.
Last week, more than 600 firms disclosed significant investments in Bitcoin ETFs in their latest 13F filing with the United States Securities and Exchange Commission (SEC).
The chief investment officer of cryptocurrency asset management firm Bitwise believes that by the May 15 deadline, nearly 700 professional firms will invest $5 billion in the Bitcoin (BTC) ETF. As of May 9, 563 professional investment firms reported owning $3.5 billion worth of Bitcoin ETFs.
Among them are Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada and consultants such as Millennium Management and Schoenfeld;
Millennium Management is the largest BTC ETF investor with $1.9 billion invested. Millennium invested $844.2 million in BlackRock IBIT, $806.7 million in Fidelity FBTC, $202 million in Greyscale's GBTC, $45.0 million in Ark's ARKB, and $44.7 million in Bitwise's BITB.
Schonfeld Strategic Advisors, a hedge fund with $13 billion in assets under management, was the second largest BTC ETF investor with a $248 million investment in IBIT and $231.8 million in FBTC.
Boothbay Fund Management, a New York-based hedge fund manager, announced a $377 million exposure to the Bitcoin ETF, including $149.8 million in IBIT, $105.5 million in FBTC, $69.5 million in GBTC, and $52.3 million in BITB.
Pine Ridge Advisors, a New York-based advisory firm, announced that it has invested $205.8 million in spot bitcoin ETFs, including $83.2 million in BlackRock's IBIT, $93.4 million in Fidelity's FBTC and $29.3 million in Bitwise's BITB.
Morgan Stanley disclosed an investment of $269.9 million, all in Greyscale GBTC, making it one of the largest holders of GBTC. Aristea Capital LC, an alternative asset manager, disclosed a $163.4 million investment in IBIT.
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Graham Capital Management, a Connecticut-based investment firm, announced a $98.8 million investment in IBIT and $3.8 million in FBTC, while CRCM LP said it invested $96.6 million in IBIT. Fortress Investment Group LLC, a New York-based investment firm, announced a $53.6 million investment in IBIT.
Launched in the second week of January, the Bitcoin Exchange Traded Fund (ETF) has seen strong interest in the first three months of its launch. However, in the last month, the income has decreased significantly. Despite the recent decline in revenue, hundreds of financial institutions have invested billions in BTC ETFs.
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