Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/corporations-hold-significant-bitcoin-through-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Corporations Hold Significant Bitcoin Through ETFs</a><br></p>
<p style="text-align: justify">Recent data indicates that institutional investors own 20% of the shares in Spot Bitcoin ETFs. According to CryptoQuant CEO Ki Young Ju, these institutions hold approximately 193,000 BTC through ETFs.</p>
<h2 style="text-align: justify" id="strong-leaders-among-corporate-bitcoin-funds-strong"><strong>Leaders Among Corporate Bitcoin Funds</strong></h2>
<p style="text-align: justify">Based on <a href="https://en.coin-turk.com/us-secret-service-completed-the-ama-session-organized-for-crypto-here-are-the-details/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> 13F filings, BlackRock’s IBIT fund stands out as the fund with the most substantial institutional Bitcoin holdings. However, the ARK 21Shares Bitcoin ETF leads in terms of ownership ratio.</p>
<h2 style="text-align: justify" id="strong-institutions-and-bitcoin-etfs-strong"><strong>Institutions and Bitcoin ETFs</strong></h2>
<p style="text-align: justify">Ki Young Ju notes that 1,179 institutional investors hold Bitcoin through ETFs, including major names like Goldman Sachs and Jane Street.</p>
<h2 style="text-align: justify" id="strong-market-value-of-bitcoin-funds-strong"><strong>Market Value of Bitcoin Funds</strong></h2>
<p style="text-align: justify">Approved Bitcoin funds collectively hold around 1 million BTC, constituting 4.6% of Bitcoin’s total supply, with a value of approximately $64.25 billion. Spot Bitcoin ETFs in the U.S. have rapidly grown to this level after being approved in January 2024.</p>
<p style="text-align: justify">On the last trading day, some funds experienced outflows. Bitwise’s BITB lost 327 BTC, while BlackRock’s IBIT gained 4,869 BTC. During this period, <a href="https://en.coin-turk.com/the-decline-in-total-market-value-of-stablecoins-continues/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> funds in Australia also became active, particularly the Global X 21 Shares Bitcoin ETF, which recorded an impressive annual return of 118.1%.</p>
<h2 style="text-align: justify" id="strong-local-crypto-funds-strong"><strong>Local Crypto Funds</strong></h2>
<p style="text-align: justify">In Australia, DigitalX’s BTXX and VanEck’s VBTC ASX are notable local funds. Additionally, Monochrome’s IBTC Bitcoin and IETH Ethereum funds are attracting investor interest.</p>
<p style="text-align: justify">The growing interest of institutional investors in Bitcoin ETFs is viewed as a significant step in the <a href="https://en.coin-turk.com/australia-sees-significant-increase-in-crypto-atms/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a>. This development could contribute to broader acceptance of Bitcoin in financial markets.</p>
<p>The post <a href="https://en.coin-turk.com/corporations-hold-significant-bitcoin-through-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Corporations Hold Significant Bitcoin Through ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Corporations Hold Significant Bitcoin Through ETFs

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