COINOTAG reports significant growth in institutional investment in Bitcoin spot ETFs as revealed by recent 13F filings submitted to the U.S. Securities and Exchange Commission (SEC). Data from the fourth quarter of 2024 indicates that large institutions, including pension funds and hedge funds, collectively held an impressive $38.7 billion in Bitcoin spot ETFs, reflecting a remarkable surge from just $12.4 billion in Q3 2024. This increase highlights a burgeoning confidence among institutional investors in the cryptocurrency market.
Notably, the Wisconsin Investment Board has expanded its stake in the BlackRock iShares Bitcoin Trust (IBIT), now owning over 6 million shares. Furthermore, billionaire hedge fund manager Paul Tudor has markedly increased his investment, nearly doubling his share count from 4,428,230 to 8,048,552 shares in the same ETF. According to Bloomberg Intelligence senior ETF analyst Eric Balchunas, IBIT has garnered attention from around 1,100 institutional holders, a significant number for a newly launched ETF, which typically sees fewer than 10 initial institutional investors.