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Bitcoin
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$125,389.00 1.93182
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Ethereum
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$4,683.90 3.65425
Ethereum price
BNB
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$1,219.72 5.13228
BNB price
Solana
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$235.29 2.8492
Solana price
XRP
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$3.04 2.02779
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Shiba Inu
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$0.0000129 2.9733
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Pepe
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$0.0000103 3.48373
Pepe price
Bonk
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$0.0000218 9.25425
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dogwifhat
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$0.805651 3.6107
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Popcat
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$0.24832 5.23667
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$125,389.00 1.93182
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Ethereum
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$4,683.90 3.65425
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BNB
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$1,219.72 5.13228
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Solana
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$235.29 2.8492
Solana price
XRP
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$3.04 2.02779
XRP price
Shiba Inu
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$0.0000129 2.9733
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Pepe
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$0.0000103 3.48373
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Bonk
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$0.0000218 9.25425
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dogwifhat
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$0.805651 3.6107
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Popcat
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$0.24832 5.23667
Popcat price
Bitcoin
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$125,389.00 1.93182
Bitcoin price
Ethereum
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$4,683.90 3.65425
Ethereum price
BNB
BNB (BNB)
$1,219.72 5.13228
BNB price
Solana
Solana (SOL)
$235.29 2.8492
Solana price
XRP
XRP (XRP)
$3.04 2.02779
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 2.9733
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000103 3.48373
Pepe price
Bonk
Bonk (BONK)
$0.0000218 9.25425
Bonk price
dogwifhat
dogwifhat (WIF)
$0.805651 3.6107
dogwifhat price
Popcat
Popcat (POPCAT)
$0.24832 5.23667
Popcat price

K33 Research: Over 900 institutions invested $11b in spot Bitcoin ETFs

Brian Stone
Edited by
News
K33 Research: Over 900 institutions invested $11b in spot Bitcoin ETFs

As of March 31, 937 institutions had invested over $11 billion in U.S. spot Bitcoin ETFs.

Senior Analyst at K33 Research Vetle Lunde says that $11.05 billion equals 18.7% of the total funds managed by BTC-based products. For comparison, only 95 firms invested in gold ETFs over the same period.

Morgan Stanley is among the 937 firms, investing $269.9 million in GBTC and becoming the second largest holder of an ETF from Grayscale after Susquehanna International Group (~$1 billion).

Institutions invested the most actively in GBTC, with a total of $4.38 billion. Following the Grayscale fund is IBIT from BlackRock, which has seen $3.23 billion in investments. FBTC from Fidelity closes the top three with investments of $2.1 billion.

On May 15, the net inflow into spot Bitcoin ETFs increased to $303 million, including $131 million in FBTC and $86.3 million in BITB. Since approval, inflows into spot Bitcoin ETFs have exceeded $12 billion, with the positive trend continuing for the third day in a row, according to SoSoValue.

K33 Research: Over 900 institutions invested $11b in spot Bitcoin ETFs - 1
Source: SoSoValue

On May 13, Bitwise Chief Investment Officer Matt Hougan emphasized that investing in Bitcoin ETFs is a new trend among institutions. According to him, about 563 investment companies have reportedly collectively invested about $3.5 billion in ETFs.

Hougan compares interest in spot Bitcoin ETFs to the surge in demand for gold-focused exchange-traded funds launched in 2004. Gold ETF funds were highly successful, raising over $1 billion in the first five trading days.