Institutional Investors Boost Allocations to Bitcoin ETFs Amid Price Surge
Asset managers increased their investments in U.S. exchange-traded funds (ETFs) tied to Bitcoin in Q4 2024, driven by the cryptocurrency's significant price surge.
Significant Investments
* The State of Wisconsin Investment Board doubled its holdings in the iShares Bitcoin Trust ETF to 6 million shares.
* Tudor Investment Corp increased its holdings of the iShares ETF to 8 million shares, representing a $267 million increase in value.
* Mubadala Investment Co, an Abu Dhabi sovereign wealth fund, invested $436.9 million in the iShares ETF.
* Hunting Hill Capital became a significant investor with positions valued at $131 million.
Broader Participation
Financial advisory firms Cetera Advisors and NewEdge Advisers expanded their holdings in various Bitcoin ETFs from Fidelity, ARK Investments, and Invesco.
Selective Investments
Cresset Asset Management focused on ETFs with lower fees, recognizing the potential for attractive options pricing for downside protection.
Insights into Institutional Positioning
13F filings provide insights into institutional investor positioning. However, these positions may not reflect current holdings.