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Institutional investors held 25.4% of the assets nether absorption (AUM) of spot Bitcoin (BTC) exchange-traded funds (ETFs) arsenic of Dec. 31 — totaling $26.8 billion.
K33 Research caput of probe Vetle Lunde shared that the percent of Bitcoin ETF AUM held by institutions grew 113% betwixt the 3rd and 4th quarters of 2024.
Additionally, the AUM ratio held by institutions accrued by 4.1% quarterly, arsenic the full magnitude jumped 69% to $78.8 cardinal astatine the extremity of the 4th quarter.
According to Lunde, the fig of investors exposed to Bitcoin via ETFs reached 1,576 successful the past quarter, a 37.4% quarterly leap. Meanwhile, the yearly leap was 68.2%.
IBIT dominance
Lunde’s information besides revealed that organization involvement successful BlackRock’s IBIT grew implicit 4x successful 2024.
Institutions reported $16 cardinal successful IBIT shares astatine the extremity of the 4th fourth of past year, compared to little than $4 cardinal via hares astatine the extremity of the archetypal quarter. Most of the maturation was recorded betwixt the 3rd and 4th quarters.
Recently, Mubadala Investment Company, 1 of Abu Dhabi’s largest sovereign wealthiness funds, reported astir $437 million successful Bitcoin vulnerability done IBIT astatine the extremity of the 4th quarter.
Furthermore, the State of Wisconsin Investment Board (SWIB) accrued 110% of its BTC concern via IBIT successful the aforesaid period, surpassing $321 million. SWIB realized the shares from different Bitcoin ETFs, specified arsenic Grayscale’s GBTC, and arsenic of Dec. 31, lone held vulnerability done BlackRock’s IBIT.
Fidelity’s FBTC besides expanded considerably, astir 100% quarterly. However, the full AUM of organization holdings is inactive astir $5 billion.
According to Bold Report data, BlackRock’s spot Bitcoin ETF has astir $56.4 cardinal successful AUM, while the full AUM of each different US-traded spot Bitcoin ETFs combined is $56.9 billion.
The station Institutional investors clasp $27B successful Bitcoin ETF shares, controlling implicit 25% of full AUM appeared archetypal connected CryptoSlate.
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