Coin World News Report:
Recent statistical data shows that institutional entities are heavily investing in spot Bitcoin ETFs, collectively holding 20% of its shares, equivalent to about 193,000 BTC. This significant accumulation highlights the increasing acceptance of Bitcoin among major institutional participants.
Which funds are leading in Bitcoin holdings?
According to SEC 13F filings, BlackRock’s IBIT fund has emerged as the leader in institutional Bitcoin holdings. Meanwhile, the ARK 21Shares Bitcoin ETF is leading in terms of ownership ratios, indicating varying levels of institutional participation among different funds.
How many institutions hold Bitcoin ETFs?
Ki Young-Ju emphasized that 1,179 institutional investors are participating in Bitcoin trading through ETFs, including well-known companies such as Goldman Sachs and Jane Street, demonstrating strong corporate interest in this asset class.
The market valuation of approved Bitcoin funds is noteworthy, with holdings of approximately 1 million BTC, accounting for about 4.6% of the total Bitcoin supply, valued at around $64.25 billion. The approval of the Bitcoin spot ETF in January 2024 has fueled rapid growth in this industry.
Institutional confidence in Bitcoin is increasing.
BlackRock and ARK are leading in Bitcoin fund holdings.
The Bitcoin ETF market is expanding rapidly.
Local funds in Australia are gaining attraction.
The rising institutional participation signifies a crucial moment for Bitcoin in traditional finance, potentially paving the way for broader market acceptance and integration.
