Institutional investors now hold 20% of US-traded spot Bitcoin ETFs Institutional investors now hold 20% of US-traded spot Bitcoin ETFs
Spot Bitcoin ETFs have been exposure to 1,179 institutions since their launch in January, according to 13F Form filings.
2 min read
Updated: Oct. 22, 2024 at 11:44 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Institutional investors now hold approximately 20% of all US-traded spot Bitcoin (BTC) exchange-traded funds (ETFs), according to recent data.
CryptoQuant CEO and founder Ki Young Ju revealed that the latest 13F Form filings show that institutional investors hold over 193,000 BTC via Bitcoin ETFs as of Oct. 18.
He also revealed that roughly 1,179 institutions have invested in US-traded spot Bitcoin ETFs. The list includes $70 billion asset manager Millennium Management, $438 billion trading firm Jane Street, and $2.93 trillion investment bank Goldman Sachs.
IBIT leads in absolute amount
In absolute numbers, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has the most Bitcoins held by institutions, with over 71,000 BTC. However, its institutional adoption percentage of 18.38% is below average.
Grayscale’s GBTC registered 44,707.89 BTC held by institutional investors, the second-largest amount, with 20.25% of its shareholders being institutional investors.
Meanwhile, ARK 21Shares’ ARKB had the highest institutional participation, with 32.8% of its shares owned by asset managers, equating to roughly 17,166 BTC.
The ETF with the least institutional participation is Grayscale’s Bitcoin Mini Trust, with just 1.52% of its shares held by these investors, while CoinShares Valkyrie ETF (BRRR) shows the smallest absolute amount in Bitcoins, with 451.26 BTC bought by institutions through the product.
The third-largest ETF, Fidelity’s FBTC, is also the third option sought by institutional investors, with 44,623.23 BTC held by institutional investors, which make up 24.14% of its holders.
Bitcoin ETF and price correlation
A recent VanEck report highlighted a stronger correlation between Bitcoin ETF flows and the cryptocurrency’s price in recent months, driven largely by increasing institutional adoption.
Spot Bitcoin ETFs traded in the US broke the $21 billion threshold in year-to-date flows on Oct. 18, according to Farside Investors data.
According to VanEck surge in institutional interest may explain Bitcoin’s 11% price increase in October, reaching $67,478. The asset manager suggests that growing demand from institutions could continue to fuel Bitcoin’s upward momentum in the near future.
Mentioned in this article
Bitcoin 
CryptoQuant 
BlackRock 
Fidelity Investments 
Grayscale Investments 
Ark Invest 
21shares 
CoinShares 
Valkyrie 
VanEck 
Goldman Sachs iShares Bitcoin Trust 
ARK 21Shares Bitcoin ETF 
Fidelity Wise Origin Bitcoin Trust Author 
Gino Matos
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
CryptoQuant
CryptoQuant is a South Korean firm specializing in providing cryptocurrency market analytics and on-chain data to investors and industry participants.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
Ark Invest
ARK Investment Management LLC (ARK Invest) holds a precision lens on thematic investing.
21shares
21Shares is a Swiss provider of crypto- currency exchange-traded products (ETPs).
Valkyrie
Valkyrie Investments is a specialized alternative asset management firm at the intersection of traditional finance and the emerging digital asset sector which is headquartered in Nashville.
VanEck
VanEck is a global investment manager with offices around the world, including New York, Australia, China, Germany, Netherlands and Switzerland.
Goldman Sachs
Goldman Sachs a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
The BlackRock Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), is an investment fund that provides regulated exposure to Bitcoin for investors.
The ARK 21Shares Bitcoin ETF (ARKB) is a digital asset ETF that seeks to track the performance of bitcoin, as measured by the performance of the CME CF Bitcoin Reference Rate – New York Variant (the “Index”).
The Fidelity Wise Origin Bitcoin Trust (FBTC) is a spot Bitcoin ETF that offers investors exposure to the price of Bitcoin.
