These are the high-profile entities that invest in Bitcoin ETFs

By Hannah Perez

Nearly 1,000 entities, including banks, hedge funds and even sovereign entities, immersed themselves in ETFs. Bitcoin in cash during the first quarter of 2024. Here are some of those that make up the list.

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JPMorgan, Wells Fargo, Morgan Stanley and even a US state invests in ETFs Bitcoin
List of high-profile investors includes banks from North America, Europe and Latin America
Nearly 1,000 entities revealed that they own shares of the ETFs of Bitcoin cash

Traditional financial industry players are proving to have a big appetite for ETFs. Bitcoin spot from the US market.

A total of 11 ETFs Bitcoin spot began trading in January on U.S. stock exchanges after the Securities and Exchange Commission (SEC) give its historic approval. Since then, the group has attracted more than $11.5 billion in net inflows and accumulated more than $51 billion in actives under joint management.

The final deadline for institutional investment managers with at least $100 million under management to file 13-F forms with the U.S. financial regulator passed mid-week. Disclosures have revealed that some of the largest banks in the world and a handful of high-profile financial institutions have bought ETFs.

The ETFs of Bitcoin Spot trading gives investors direct exposure to the world’s oldest and largest cryptocurrency, without the need for them to personally purchase or hold it.

JPMorgan Chase

The largest bank in the US and the world by market capitalization invests in the ETFs of Bitcoin cash. As reported earlier this week, Wall Street titan, JPMorganwould have made some modest investments worth USD $760,000 in the ETFs Bitcoin in cash BlackRock, Bitwise, Fidelity and Grasycale for the first quarter of the year.

Wells Fargo

Another financial industry giant on the list is Wells Fargo, a company that in 2023 was ranked as the fourth largest bank in the world by market capitalization. Regulatory filings showed that the institution acquired 2,000 shares of the ETF Bitcoin cash converted from Grayscale, GBTC.

Morgan Stanley

The New York-based banking institution revealed an investment of almost USD $270 million in the ETF of Bitcoin converted from Grayscale, crowned as one of the largest institutional holders of GBTC and another banking giant in the US with direct exposure to the flagship cryptocurrency via the new ETFs.

BNY Mellon

The oldest bank in the United States in April became one of the first to disclose its investment in ETFs based on Bitcoin Specifically, disclosures to the U.S. SEC indicate that BNY Mellonwhich has more than USD $2 billion in assets under management, owns shares of IBIT of BlackRock and GBTC of Grayscale.

State of Wisconsin

Wisconsin has made history by positioning itself as the first known US state to invest in ETFs Bitcoin.

Regulatory filings this week showed that the Wisconsin State Investment Board (SWIB) holds 2.4 million shares of IBIT, the ETF based on Bitcoin cash managed by BlackRockand just over 1 million shares of GBTC, the fund converted from Grayscalevalued together at approximately USD $164 million.

Bank of Montreal

One of Canada’s largest financial institutions disclosed positions in at least four ETF products Bitcoin; namely, those managed by Fidelity, Franklin Templeton, BlackRock and Grayscale. Better known by its acronym BMO, Bank of Montreal It is the fourth largest bank in Canada and has almost $1 trillion in assets under management.

UBS

The giant Swiss bank UBS also jumped on the bus of ETFs based on the largest and oldest cryptocurrency. At the end of March, the entity had about 3,600 shares of IBIT of BlackRock. Shortly after the debut of the new class of funds in the US, the bank began allowing several of its clients to trade the products of Bitcoin.

BNP Paribas

The multinational bank BNP Paribasthe second largest in Europe, revealed in early May a modest investment worth just under $42,000 in the ETF Bitcoin in cash BlackRock, IBIT. With more than 2.5 trillion euros in assets under management, the institution has previously offered a cryptocurrency custody service.

Bank of Brazil

Two of the largest banks in Latin America have also turned to ETFs Bitcoin Americans.

Bank of BrazilBrazil’s second largest bank by assets under management, is among the top 30 ETF holders Bitcoin in cash BlackRock. The Brazilian state institution owns 1.59 million dollars in shares of IBIT, as previously reported by ETF analyst BloombergEric Balchunas.

BTG Pactual

The high profile lender BTG Pactual, With presence in countries such as Chile, Colombia, Mexico, Peru and Argentina, it is another Latin American giant that owns ETFs Bitcoin cash. In particular, the entity, which is among the largest investment banks in Latin America, had a total stake of USD$272.5 thousand in shares of IBIT at the end of the first quarter of the year.

US Bancorp

The institution joins US banks seeking direct exposure to Bitcoin through the new ETFs. US Bancorpwith more than USD $663 billion in assets under management, bought shares of FBTC of Fidelity worth USD $5.4 million, shares of GBTC Grayscale worth almost USD $3 million and shares of IBIT of BlackRock worth USD $7.2 million.

Edmond de Rothschild Holding

The financial institution specialized in private banking and asset management cbased in Geneva, —linked to the distinguished Rothschild banking family of France—owns shares in GBTC of Grayscale and in IBIT of blackrock.

The Rothschilds are known for their economic influence in Europe during the 19th and 20th centuries, and have numerous Illuminati-based conspiracy theories tied to their name. The company was founded in 1953.

SouthState Bank

The Florida-based bank disclosed investments worth $577,198 in two ETFs Bitcoin in cash through a 13F filing. The bank reported that it had purchased 6,606 shares of GBTC of Grayscalefor a value of USD $417,000, and 3,901 shares of IBIT of BlackRockfor a value close to USD $160,000.

Susquehanna International Group

The global technology and trading company, specializing in designated primary market maker, has more than $1 billion invested in ETFs Bitcoin. The purchases of Susquehannabased in the US, include investments in nine of the ten ETFs of Bitcoin in cash currently in the US market.

Hightower Advisors

The Chicago, Illinois-based financial and investment planner —and one of the largest advisory firms in the country —revealed holdings of around USD $68 million in three ETFs Bitcoin. Specifically, it acquired shares of IBIT, GBTC and EZBC of Franklin Templeton according to regulatory filings cited by several news outlets.

Boothbay Fund Management

The institutional investment firm based in New York City is listed as one of the largest holders of the ETFs of Bitcoin in cash BlackRock, Fidelity and Bitwise. Recent disclosures revealed that Boothbay Fund Management maintains a total of more than $377 million in ETF investments Bitcoin cash. Among the holdings, it also owns shares of GBTC, he ETFs of Bitcoin converted from Grayscale.

Bracebridge Capital

The hedge fund that manages the finances of renowned academic institutions such as the Yale University and the Princeton Universityhas become the largest holder of several ETFs Bitcoin cash in the US

According to presentations before the SEC which were announced this week, Bracebridge Capital has significant stakes in the products of Ark, BlackRock and Grayscale. Specifically, it held 4.3 million shares of ARKB, 2.4 million shares of IBIT and 420 thousand shares of GBTC, for a joint value of USD $434.3 million, at the end of the first quarter of 2024.

Elliott Capital

Another hedge fund that sought exposure to Bitcoin through the new class of ETFs was Elliott Capital by Paul Singer, who revealed a stake of almost 12 million dollars in the product of BlackRock at the end of the quarter.

Millennium Management

The hedge fund run by billionaire Izzy Englander, with more than $64 billion in assets under management, is another high-profile entity surfing new ETFs.

Wednesday’s disclosures revealed that Millennium Management owned approximately USD $844 million in shares of IBIT of BlackRockand just over 1,000 million in shares in the ETFs of Bitcoin in cash Fidelity, Grayscale, Ark and Bitwise, for a total of almost USD $2 billion, making it the investor with the largest known stake in ETFs. Bitcoin.

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Hedge funds like Aristeia Capital, Hudson Bay Capital, Apollo Management Holdings and CTC Alternative Strategieswith an investment of almost USD $28 million in IBIT, is also part of the list of ETF holders Bitcoin In U.S.A.

It is estimated that almost 1,000 entities have purchased ETF shares in the first quarter of the year, with IBIT of BlackRock attracting more than 400 such investors. Meanwhile Ark Invest and BlackRockthe world’s largest asset manager, have revealed that they invest in their own ETFs Bitcoin.

Article by Hannah Estefanía Pérez / DailyBitcoin

Edited image of Unsplash

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.