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COINTURK NEWS > Bitcoin (BTC) > Corporations Hold Significant Bitcoin Through ETFs
Bitcoin (BTC)

Corporations Hold Significant Bitcoin Through ETFs

In Brief

  • 20% of Spot Bitcoin ETF shares are held by institutional investors.

  • BlackRock and ARK lead in institutional Bitcoin fund ownership.

  • Institutional interest strengthens Bitcoin's market acceptance.

Fatih Uçar
Fatih Uçar 8 months ago
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Recent data indicates that institutional investors own 20% of the shares in Spot Bitcoin $101,793 ETFs. According to CryptoQuant CEO Ki Young Ju, these institutions hold approximately 193,000 BTC through ETFs.

Contents
Leaders Among Corporate Bitcoin FundsInstitutions and Bitcoin ETFsMarket Value of Bitcoin FundsLocal Crypto Funds

Leaders Among Corporate Bitcoin Funds

Based on SEC 13F filings, BlackRock’s IBIT fund stands out as the fund with the most substantial institutional Bitcoin holdings. However, the ARK 21Shares Bitcoin ETF leads in terms of ownership ratio.

Institutions and Bitcoin ETFs

Ki Young Ju notes that 1,179 institutional investors hold Bitcoin through ETFs, including major names like Goldman Sachs and Jane Street.

Market Value of Bitcoin Funds

Approved Bitcoin funds collectively hold around 1 million BTC, constituting 4.6% of Bitcoin’s total supply, with a value of approximately $64.25 billion. Spot Bitcoin ETFs in the U.S. have rapidly grown to this level after being approved in January 2024.

On the last trading day, some funds experienced outflows. Bitwise’s BITB lost 327 BTC, while BlackRock’s IBIT gained 4,869 BTC. During this period, cryptocurrency funds in Australia also became active, particularly the Global X 21 Shares Bitcoin ETF, which recorded an impressive annual return of 118.1%.

Local Crypto Funds

In Australia, DigitalX’s BTXX and VanEck’s VBTC ASX are notable local funds. Additionally, Monochrome’s IBTC Bitcoin and IETH Ethereum $2,239 funds are attracting investor interest.

The growing interest of institutional investors in Bitcoin ETFs is viewed as a significant step in the cryptocurrency market. This development could contribute to broader acceptance of Bitcoin in financial markets.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 24 October, 2024 - 11:00 am 24 October, 2024 - 11:00 am
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