Institutional Investors Boost Allocation to Bitcoin Spot ETFs
During the fourth quarter of last year, institutional investors have increased their exposure to Bitcoin exchange-traded funds (ETFs).
According to the most recent 13F reports submitted to the Securities and Exchange Commission (SEC), major institutional investors made significant adjustments to their holdings in Bitcoin spot ETFs. The 13F report is a required filing for institutional investors managing stock assets worth over $100 million per quarter.
Among institutional investors, BlackRock’s iShares Bitcoin Trust (IBIT) is the most favored Bitcoin spot ETF. As of December 31, approximately 1,100 institutions held 247 million shares.
In comparison to the previous quarter, Goldman Sachs increased its IBIT holdings by 88%, acquiring 24.07 million shares. This is the second-largest holding, following Millennium Management with 29 million shares.
Barclays recently joined the Bitcoin spot ETF market by purchasing 2.47 million IBIT shares.
The Abu Dhabi sovereign wealth fund also made its initial IBIT purchase totaling $436.9 million, instantly becoming the 7th largest holder of IBIT. The Wisconsin state employee pension fund was found to have more than doubled its holdings.
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