The world’s largest hedge funds are increasing their BTC holdings: a report says a 60% increase in holdings by 25 major players.
Bitcoin Magazine reported it like this:
«NEW: 60% of largest hedge funds have disclosed their Bitcoin ETF holdings.»
The report is sourced from investment firm River and shows a growth in the adoption of cryptocurrencies by large financial players.
An important fact in this regard is pointed out by analyst Sam Baker, who highlights that None of these big players sold and show willingness to continue accumulating.
This situation serves to affirm that Bitcoin has demonstrated significant growth in the past and many investors see it as an opportunity to make high profits in the long term.
Baker also noted that 13 of the top 25 registered advisors (RIAs) are including Bitcoin in the investment portfolios of some of their clients. “Slowly, they are increasing their holdings.”
It is worth noting that the majority of investments in these funds are made up of institutional investors or individual clients with significant purchasing power.
Who are the actors involved in this list?
The firms included in this list include major players such as Cambridges Associates, Hightower Advisors and Cresset Asset Management, which have respective Bitcoin holdings of 384 BTC, 1,890 BTC and 982 BTC.
One of the investments that stands out the most is that of Millennium Management, which in the first quarter and through ETFs, accumulated an exposure of 27,263 BTC.
Another important holding is that of GS Asset Management, which reported acquisitions equivalent to 6,202 BTC. Also worth highlighting is the investment by Schonfeld Strategic Advisors, whose holdings are valued at 6,734 BTC.
Other investors do not yet have much exposure to the digital asset and only hold 6 to 9 BTC. Even large hedge funds like Citadel (considered the largest hedge fund in the world) only added 41 Bitcoins in Q2, although their current positions are 812 BTC.
Two important points to highlight are: first, that some funds such as AQR Capital Mgmt., Bridgewater Associates and Alphadyne AssetMgmt do not disclose their Bitcoin ETF holdings.
The second point is that 10 out of 25 hedge funds have no exposure to this asset.
Institutional investment moves to BTC thanks to ETFs
It is worth noting that since the launch of BTC ETFs, these actors have used these instruments to invest in the digital asset. This investment model has allowed institutional investment to move towards BTC.
While the increase in holdings shows that institutional investors really have an open sentiment towards BTC. It is also worth mentioning that it is not only hedge funds and master RIAs that have an increased interest in BTC. Other major players such as pension funds, banks, private equity, etc.; are major Bitcoin ETF investors.
Overall, we can highlight that, although ETFs were launched on the market in January 2024, they have already accumulated net inflows of 17 billion dollars.
Without a doubt, and although we should not disparage retail investment, institutional investment is currently one of the main drivers of institutional adoption. While ETFs revive interest in the industry.
These acquisitions also show that BTC is bullish amidst volatility. While these investments may seem timid compared to large holdings like MicroStrategy’s, they actually show institutional interest despite the volatility.
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