Over 600 Firms Disclose Billions in Investments in Bitcoin ETFs

In the latest 13F filings with the United States Securities and Exchange Commission (SEC), more than 600 firms have unveiled substantial investments in the spot Bitcoin ETF over the past week.

Bitwise, a cryptocurrency asset management firm, anticipates that by the May 15 deadline, nearly 700 professional companies will have collectively invested $5 billion in the spot Bitcoin ETF. As of May 9, filing data indicated that 563 professional investment firms reported holdings worth $3.5 billion in Bitcoin ETFs.

Prominent firms among these investors include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada, and hedge funds like Millennium Management and Schonfeld Strategic Advisors.

Millennium Management emerges as the largest BTC ETF investor with a $1.9 billion investment, spread across various ETFs including BlackRock’s IBIT, Fidelity’s FBTC, Grayscale’s GBTC, Ark’s ARKB, and Bitwise’s BITB.

Schonfeld Strategic Advisors, with assets under management totaling $13 billion, follows closely as the second-largest spot BTC ETF investor with a $479 million investment in IBIT and FBTC.

Other notable investors include Boothbay Fund Management, Pine Ridge Advisers, Aristeia Capital LLC, Graham Capital Management, CRCM L.P, and Fortress Investment Group LLC.

The spot Bitcoin exchange-traded fund (ETF) witnessed significant demand in its initial three months post-launch, although recent inflows have tapered off. Despite this decline, the disclosed investments from hundreds of financial institutions underscore the continued interest and confidence in the spot BTC ETF.