Cryptocurrencies

Over the past week, more than 600 companies have disclosed significant investments in the Bitcoin fund

Over the past week, more than 600 companies disclosed significant investments in the Spot Bitcoin ETF in their latest 13F filings with the US Securities and Exchange Commission (SEC).

The chief investment officer of crypto asset manager Bitwise believes that by the end of the deadline on May 15, nearly 700 professional firms will have invested $5 billion in a Bitcoin (BTC) exchange-traded fund. According to filing data dated May 9, 563 professional investment firms reported holding $3.5 billion worth of Bitcoin exchange-traded funds.

They include Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada, and hedge funds such as Millennium Management and Schoenfeld Strategic Consulting.

Millennium Management is the largest investor in the BTC ETF with $1.9 billion invested. Millennium invested $844.2 million in IBIT from BlackRock, $806.7 million in FBTC from Fidelity, $202 million in GBTC from Grayscale, $45.0 million in Ark’s ARKB, and $44.7 million in BITB from Bitwise.

Schonfeld Strategy Advisors, a hedge fund with $13 billion in assets under management, was the second largest spot BTC ETF investor with $248 million invested in IBIT and $231.8 million invested in FBTC, for a total of $479 million.

Boothbay Fund Management, a New York-based hedge fund management firm, announced $377 million exposure to Bitcoin ETFs, including $149.8 million in IBIT, $105.5 million in FBTC, and $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 Bitcoin exchange-traded funds, which included $83.2 million in IBIT from BlackRock, $93.4 million in FBTC from Fidelity, and $29.3 million in IBIT from BlackRock. At BITB from Bitwise.

Morgan Stanley has revealed an investment of $269.9 million, all in GBTC’s Grayscale, making it one of the largest holders of GBTC. Aristeia Capital Llc, an alternative asset manager, has revealed a $163.4 million investment in IBIT.

magazine: Cryptocurrency Regulation – Does SEC Chairman Gary Gensler Have the Final Say?

Graham Capital Management, a Connecticut-based investment firm, announced a $98.8 million investment in IBIT and $3.8 million in FBTC, while CRCM LP revealed a $96.6 million investment in IBIT. Fortress Investment Group LLC, a New York-based investment firm, revealed a $53.6 million investment in IBIT.

The Bitcoin spot trading fund (ETF), which was launched in the second week of January, saw huge demand in the first three months of its launch. However, in the past month, flows have diminished significantly. Despite the recent decline in inflows, hundreds of financial institutions have disclosed billions in investments in the BTC exchange-traded fund.

magazine: Cryptocurrency Regulation – Does SEC Chairman Gary Gensler Have the Final Say?

sh-hakam.com

I am HAKAM web developer. From here you will get a lot of valuable information for free and a call for updates to WordPress and Blogger so that your sites are accepted in Google AdSense and also proper mastery of SEO and the best for the easiest.

Leave a Reply

Your email address will not be published. Required fields are marked *