According to a recent SEC filing, US Spot Crypto Exchange Trade Funds (ETFs) have a strong institutional presence, with investment advisors taking the lead.
Investment Advisor currently owns more than $10.28 billion in spot Bitcoin
BTC$104,748.81
124,753 ETF asset representing BTC. Investment advisors hold almost half of the total crypto assets declared with various funds. Hedge Fund Managers hold second-largest BTC ETFs worth $6.9 billion, or nearly 83,934 BTC, followed by brokerages and holding companies.
These numbers highlighted by Bloomberg ETF analyst Eric Bulknath, which highlights how advisors have surged to “number one and one mile.”
Balchunas estimates that 13F filers currently account for around 20% of the total Spot Bitcoin ETF assets, and that it is likely to increase from 35% to 40% as traditional finance employs the product.
It has a similar tendency to ether
ETH$2,604.54
. According to Bloomberg ETF analyst James Seyffart, the advisor represents 320,089 ETH, and the hedge fund leads with $244 million (134,469 ETH).
Overall ETH ETF exposures currently exceed $1.06 billion (587,348 ETH). It shows a growing interest in diverse crypto exposures, although smaller than Bitcoin’s footprint.
