This trend of growing institutional interest in Bitcoin ETFs may potentially drive the cryptocurrency’s upward momentum in the near future.
In contrast, Grayscale’s GBTC registered 44,707.89 BTC held by institutional investors, representing 20.25% of its shareholders.
ARK 21Shares’ ARKB boasts the highest institutional participation, accounting for 32.8% of its shares owned by asset managers. However, its adoption percentage of 18.38% is below average. The least institutional participation was observed in Grayscale’s Bitcoin Mini Trust, with only 1.52% of its shares held by these investors.
Institutional investors now hold approximately 20% of all US-traded spot Bitcoin (BTC) exchange-traded funds (ETFs), with recent data revealing that these investors own over 193,000 BTC through Bitcoin ETFs as of October 18. CoinShares Valkyrie ETF (BRRR) had the smallest absolute amount in Bitcoins, with 451.26 BTC bought by institutions through the product.
Fidelity’s FBTC, the third-largest ETF, also ranks third in popularity among institutional investors, with 44,623.23 BTC held by institutional investors, making up 24.14% of its holders. Ki Young Ju, CEO and founder of CryptoQuant, stated that around 1,179 institutions have invested in US-traded spot Bitcoin ETFs, including prominent names such as asset manager Millennium Management, trading firm Jane Street, and investment bank Goldman Sachs.
Among the various Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust ETF has the largest number of Bitcoins held by institutions, totaling over 71,000 BTC.
