In the past week, over 600 companies have disclosed substantial investments in spot Bitcoin exchange-traded funds (ETFs) in their 13F filings with the United States Securities and Exchange Commission (SEC).
According to the filings, professional investment firms have reported owning Bitcoin ETFs worth $3.5 billion.
Among these firms are well-known names like Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada, as well as hedge funds such as Millennium Management and Schonfeld Strategic Advisors.
Millennium Management stands as the largest investor in BTC ETFs, with a staggering $1.9 billion invested. Their investments include $844.2 million in BlackRock’s iShares Bitcoin Trust (IBIT), $806.7 million in Fidelity’s Wise Origin Bitcoin Fund (FBTC), $202 million in the Grayscale Bitcoin Trust (GBTC), $45.0 million in the ARK 21Shares Bitcoin ETF (ARKB), and $44.7 million in the Bitwise Bitcoin ETF (BITB).
Schonfeld Strategic Advisors, a hedge fund managing $13 billion in assets, comes in second with a $248 million investment in BlackRock’s ETF and a $231.8 million investment in Fidelity’s fund, totaling $479 million.
New York-based hedge fund manager, Boothbay Fund Management, declared a $377 million exposure to spot Bitcoin ETFs. This includes $149.8 million in IBIT, $105.5 million in FBTC, $69.5 million in GBTC, and $52.3 million in BITB.
Pine Ridge Advisers, a New York-based advisory firm, announced a $205.8 million investment in spot Bitcoin ETFs, with $83.2 million in IBIT, $93.4 million in FBTC, and $29.3 million in BITB.
Morgan Stanley revealed a $269.9 million investment in GBTC, solidifying its position as one of the largest GBTC holders. Aristeia Capital, an alternative asset manager, disclosed a $163.4 million investment in IBIT.
Graham Capital Management, an investment firm based in Connecticut, declared a $98.8 million investment in IBIT and $3.8 million in FBTC. CRCM disclosed a $96.6 million investment in IBIT. Fortress Investment Group, a New York-based investment firm, disclosed a $53.6 million investment in IBIT.
Spot Bitcoin ETFs were launched in the second week of January and experienced significant demand in the first three months. However, in recent weeks, there has been a significant decrease in inflows. Despite this recent slump, numerous financial institutions have disclosed investments worth billions of dollars in spot BTC ETFs.