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Highlights
- The U.S. Spot Bitcoin ETFs attracted $10 billion AUM from global institutional investors.
- According to the latest 13F filings, 937 firms have invested in these ETF products.
- U.S. led the charge with a $9.27 billion influx into the country's Bitcoin ETFs.
In a stunning development, recent 13F disclosures have revealed that corporate firms worldwide have significantly increased their investments in the U.S. Spot Bitcoin ETFs. The data suggests that 937 institutional investors have considered investing in these ETF products with over $10 billion AUM contribution.
Global Influx Into Spot Bitcoin ETF
According to data compiled via latest 13F filings with the SEC, companies from 12 countries have reported holdings in these new financial instruments. Moreover, the United States leads the charge with over $9.27 billion investments reported.
Top American banks such as Morgan Stanley and Wells Fargo surprised the industry by disclosing substantial Bitcoin ETF holdings. This marked a pivotal moment in the adoption of digital assets by traditional financial institutions. In total, 898 U.S. holders reported investments across various Bitcoin ETF issuers.
Furthermore, Millennium Management emerged as the largest institutional player with $2 billion invested in these ETF products. Other prominent firms like Susquehanna International Group (SIG) and Boothbay Fund Management also made significant investments. Boothbay alone injected over $377 million into ETFs issued by major players like BlackRock, Grayscale, Fidelity, and Bitwise. This substantial participation by U.S. companies highlights the nation’s leadership in the burgeoning Bitcoin ETF market.
Globally, Hong Kong emerged as the second-largest hub for Bitcoin ETF investments, with 15 holders committing $210.93 million. In addition, Jersey trailed behind with 10 holders and a combined investment of $58.25 million. Moreover, Canada ranked fourth, with seven holders investing $54.88 million.
Other notable contributors included firms from the Cayman Islands, Israel, and Switzerland, which invested $16.90 million, $14.35 million, and $8.28 million, respectively. Additionally, companies from Puerto Rico, the United Kingdom, Australia, the Netherlands, and France collectively contributed $18.85 million to the global total.
Also Read: Spot Bitcoin ETFs Net $1.3B in May, Reversing April’s $344M Outflows
BTC ETF Inflows Surge
In May 2024, the Spot Bitcoin ETFs garnered inflows of a whopping $1.5 billion to date. On Friday, May 17, the ETFs clocked a net positive flow of $221.5 million. Blackrock’s IBIT ETF recorded an influx of $38.1 million. However, Fidelity Wise’s FBTC took the lead with $99.4 inflows. Bitwise’s BITB ETF also registered a significant flow of $20.8 million.
Grayscale’s GBTC ETF continued its inflow streak with $31.6 million added. Furthermore, the Ark 21Shares Bitcoin ETF (ARK) recorded an inflow of $10 million. Valkyrie’s BRRR and VanEck’s HODL contributed $6.4 million and $9.5 million, respectively. Moreover, the week accounted for a massive influx of $948.3 million, which outpaced April’s outflow of $343 million.
Also Read: U.S. Spot Bitcoin ETFs Bought 5x The Total BTC Mined This Week
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