This year, for the first time, cryptocurrency enthusiasts have begun to closely track the 13F Forms submitted to the SEC. Bitcoin (BTC) 
$98,473 has seen a price increase to $91,750 following news that Trump would meet with the CEO of Coinbase regarding cryptocurrencies. What details did the 13F documents reveal about the last quarter?
Corporate Demand and Bitcoin (BTC)
Major companies are focusing heavily on cryptocurrency, particularly BTC, with numerous firms holding substantial investments in BTC ETFs. The 13F Forms provide insights into what companies with over $100 million in equity holdings are buying and selling.
Since the launch of BTC ETFs in January, these forms are closely monitored as they must reach the SEC within 45 days after the end of each quarter. According to Fintel data, BlackRock’s iShares Bitcoin Trust ETF holds 160.2 million shares, with 700 institutional investors holding these shares. The total assets under the ETF’s management have reached $42 billion.
Major Institutional Investors
Millennium Management purchased 12.6 million shares last quarter, bringing its total to 23.5 million shares valued at $848 million. Founded by the renowned Israel Englander, this hedge fund also holds 11.6 million shares worth $644 million in the Fidelity Wise Origin Bitcoin Fund (FBTC).
Capula, a prominent European fund, holds $308 million in the IBIT ETF and $288 million in FBTC. Steve Cohen’s Point72 exited its positions in both IBIT and FBTC, while Jane Street sold 6.4 million shares, nearly liquidating its IBIT holdings. Jane Street has replaced some of these assets with ETFs like ARKB and BITO. Tudor Investment Corporation owns $230 million in IBIT shares. Goldman Sachs added $710 million in additional shares to its reserves due to increased client demand for BTC ETFs last quarter. Morgan Stanley reduced its assets to $183 million before the anticipated price surge.
With the ongoing rise in BTC prices and expectations of further increases following Trump’s inauguration in January, ETF accumulation is likely to accelerate.
