Major institutions signal growing interest in Bitcoin ETFs Quick Take
The market for Bitcoin ETFs is witnessing an uptick in interest from institutional investors.
BlackRock recently noticed an expansion in the holder list of its ETF, IBIT. The new entrants include Redwood Asset Management Inc. and Advisorshares Investments LLC, according to ETF Bloomberg analyst Eric Balchunas.
This could potentially serve as a precursor for increased institutional acceptance of Bitcoin ETFs as a new asset class.
In a parallel development, Fidelity Canada has incorporated a percentage of Bitcoin allocation in their “All-in-One” asset allocation funds, utilizing spot Bitcoin ETFs.
According to Bitwise Invest CIO Matt Hougan, these allocations range from a modest 1% in their conservative portfolio to a more assertive 3.1% in the aggressive portfolio.
These developments highlight the burgeoning interest of institutions in Bitcoin ETFs, and it is anticipated that this trend will continue to evolve.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Eric Balchunas is an American author, ETF analyst, and Senior ETF Analyst at Bloomberg Intelligence.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
