PANews reported on November 19 that according to The Block, the latest 13F documents disclosed in the United States show that institutional investors adjusted their holding strategies for Bitcoin ETFs in the third quarter of 2024, showing that crypto assets have further penetrated Wall Street.
BlackRock's iShares Bitcoin Trust (IBIT) remains the market leader, with nearly 700 institutional holders, total holdings of 160.2 million shares, and $42 billion in assets under management. Among them, Millennium Management increased its holdings by 12.6 million shares to 23.5 million shares, worth $848 million; Capula added 1.1 million shares of IBIT ($308 million) and FBTC ($288 million).
At the same time, some institutions reduced their holdings or withdrew: Point72 liquidated IBIT and FBTC, Jane Street significantly reduced its holdings of IBIT, but still held ARKB, BITO and FBTC. Goldman Sachs increased its holdings of IBIT by 5.77 million shares, bringing its total holdings to 12.7 million shares ($710 million), becoming the second largest holder, while Morgan Stanley reduced its holdings by nearly 450,000 shares, bringing its total holdings to $183 million. The total assets under management of Bitcoin ETFs have now reached $92 billion.
Analysts pointed out that as institutions reassess their stance on crypto assets, more structural allocations may be ushered in in the future. Bitcoin ETF option trading may be officially launched this week, further promoting market development.
