Bitcoin Spot ETF Sees Rapid Institutional Adoption

According to BlockBeats, on September 9, Bloomberg Senior ETF Analyst Eric Balchunas shared on social media that Bitcoin spot ETFs have garnered over 1,000 institutional holders within just two 13F reporting periods. This level of adoption is unprecedented. Specifically, the IBIT ETF alone has 661 institutional holders, with 20% of its shares held by institutions and large advisors. Balchunas predicts that this proportion could rise to 40% within the next 12 months, highlighting the remarkable nature of this trend. For context, Form 13F is a document required by the U.S. Securities and Exchange Commission (SEC) from certain institutional investors. Investment management companies with assets exceeding $100 million, including hedge funds, pension funds, and other large investment institutions, must submit this report quarterly to the SEC.