There is a strong institutional presence in us Spot Crypto Exchange-Traded Funds (ETFS) where investment advisers take a commanding lead, according to recent SEC archives.
Investment advisers now have over $ 10.28 billion in Spot Bitcoin
ETF assets representing 124,753 BTC. Investment advisers have almost half of the total crypto assets declared by the various funds. Hedge fund managers have second place of $ 6.9 billion BTC ETF or nearly 83,934 BTC, followed by brokers and holding companies.
These numbers, highlighted by Bloomberg Etf analyst Eric Balchunas, emphasize how advisers have risen to the top “number one by a mile.”
Balchunas estimates that 13F files currently amount to approx. 20% of the total spot -bitcoin ETF assets, which is likely to grow to 35% –40%, as traditional financing includes the product.
There is a similar trend with ether
. Advisers lead with $ 582 million in exposure representing 320,089 ETH, while hedge funds have $ 244 million or $ 134,469, according to Bloomberg Etf analyst James Seyffart.
The total institutional ETF exposure is now over $ 1.06 billion or $ 587,348. Although less than Bitcoin’s footprint, it signalizes increasing interest in diversified crypto exposure.
