Key Insights:
- Investment advisors are currently responsible for managing over $10.28 billion in spot Bitcoin ETFs, which is almost half of the total institutional assets in this domain, indicating a rise in mainstream adoption.
- Ether ETF investments have exceeded $1 billion, with both advisors and hedge funds showing an increasing preference, suggesting expanding institutional interest beyond Bitcoin.
Recent filings with the SEC highlight a significant dominant position held by investment advisors in U.S. spot crypto exchange-traded funds (ETFs). Current reports show that advisors hold more than $10.28 billion in Bitcoin ETF assets, equating to 124,753 BTC, which represents nearly half of the declared total crypto assets among various funds. Hedge funds follow with $6.9 billion in Bitcoin ETF assets, or about 83,934 BTC.
These disclosures, emphasized by Bloomberg ETF analyst Eric Balchunas, reveal that investment advisors are notably leading this sector, with Balchunas labeling them as the “number one by a mile.” He projects that 13F filers, those required to report their holdings, currently account for around 20% of total spot Bitcoin ETF assets, a percentage expected to rise to between 35% and 40% as conventional finance continues to adopt this product.
A similar trend is apparent with Ether investments, where advisors lead with approximately $582 million in exposure, holding around 320,089 ETH. Hedge funds maintain $244 million in Ether investments, equating to 134,469 ETH. The overall institutional exposure in Ether ETFs currently surpasses $1.06 billion, although it remains smaller relative to Bitcoin’s market share, signifying a growing interest in a diversified crypto portfolio.
