Home CryptocurrencyBitcoin Over 600 Companies Reveal Billions in Combined Bitcoin ETF Investments

Over 600 Companies Reveal Billions in Combined Bitcoin ETF Investments

by SuperiorInvest

Over the past week, more than 600 companies have disclosed significant investments in the Bitcoin Spot ETF in their latest 13F filings with the United States Securities and Exchange Commission (SEC).

The chief investment officer of cryptocurrency asset management company Bitwise believes that by the end of the May 15 deadline, nearly 700 professional firms will have invested $5 billion in the Bitcoin (BTC) spot ETF. According to data presented on May 9, 563 professional investment firms reported owning $3.5 billion worth of Bitcoin ETFs.

These include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royale Bank of Canada and hedge funds such as Millennium Management and Schonfeld Strategic Advisors.

Millennium Management is the largest investor in BTC ETFs with an investment of $1.9 billion. Millennium invested $844.2 million in BlackRock's IBIT, $806.7 million in Fidelity's FBTC, $202 million in Grayscale's GBTC, $45.0 million in Ark's ARKB, and $44.7 million in BITB from Bitwise.

Schonfeld Strategic Advisors, a hedge fund with $13 billion in assets under management, was the second largest spot investor in BTC ETFs with a $248 million investment in IBIT and a $231.8 million investment in FBTC, for a total of 479 million dollars.

Boothbay Fund Management, a New York-based hedge fund manager, declared $377 million exposure to spot Bitcoin ETFs, including $149.8 million in IBIT, $105.5 million in FBTC, 69.5 million dollars in GBTC and 52.3 million dollars in BITB.

Pine Ridge Advisers, a New York-based advisory firm, announced an investment of $205.8 million in Bitcoin spot 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 revealed an investment of $269.9 million, all in Grayscale's GBTC, making it one of the largest holders of GBTC. Aristeia Capital Llc, an alternative asset manager, revealed a $163.4 million investment in IBIT.

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Graham Capital Management, a Connecticut-based investment firm, declared a $98.8 million investment in IBIT and $3.8 million in FBTC, while CRCM LP disclosed a $96.6 million investment in IBIT. Fortress Investment Group LLC, a New York-based investment firm, disclosed a $53.6 million investment in IBIT.

The Bitcoin Spot Exchange Traded Fund (ETF) launched in the second week of January saw massive demand in the first three months of its launch. However, in the last month, entries have decreased significantly. Despite the recent drop in inflows, hundreds of financial institutions have disclosed billions of investments in the BTC Spot ETF.

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