Institutions hold 20% of Bitcoin ETFs

Recent data reveals that institutional investors own approximately 20% of shares in spot Bitcoin (CRYPTO:BTC) ETFs, indicating growing confidence in the cryptocurrency market. 

According to CryptoQuant CEO Ki Young Ju, these institutions collectively hold around 193,000 BTC through ETFs, reflecting increased institutional participation in Bitcoin investments. 

Based on SEC 13F filings, BlackRock’s IBIT fund is the leading holder among institutional Bitcoin funds. 

Meanwhile, the ARK 21Shares Bitcoin ETF leads in terms of the ownership ratio. 

Ki Young Ju highlighted that 1,179 institutional investors, including notable names like Goldman Sachs and Jane Street, currently hold Bitcoin through ETFs. 

The collective holdings of approved Bitcoin funds amount to nearly 1 million BTC, making up 4.6% of Bitcoin’s total supply, with an estimated value of $64.25 billion. 

Spot Bitcoin ETFs in the U.S. have gained traction since their approval in January 2024, helping drive this substantial accumulation. 

While the overall market interest remains high, some funds experienced minor outflows on the last trading day. 

Bitwise’s BITB fund saw an outflow of 327 BTC, while BlackRock’s IBIT fund gained 4,869 BTC. 

Outside the U.S., Australian cryptocurrency funds have also been active, with the Global X 21Shares Bitcoin ETF reporting an annual return of 118.1%. 

Australia’s local crypto funds, including DigitalX’s BTXX, VanEck’s VBTC ASX, and Monochrome’s IBTC Bitcoin and IETH Ethereum (CRYPTO:ETH) funds, have also drawn considerable investor interest. 

The increasing involvement of institutional investors in Bitcoin ETFs is seen as a key factor driving broader acceptance of Bitcoin in traditional financial markets. 

According to analysts, this institutional interest signifies a maturing market and strengthens Bitcoin’s position as a viable asset class. 

As funds like BlackRock and ARK lead the way, the financial landscape may continue to embrace Bitcoin ETFs, promoting further market adoption.

At the time of reporting, the Bitcoin price was $67,885.67.