US Announces Global ETF AUM Reached $10 Billion in First Quarter
In a striking development, recent 13F disclosures have revealed that institutional firms around the world have significantly increased their investments in US Spot Bitcoin ETFs. Data shows that 937 institutional investors are considering investing in these ETF products, contributing over $10 billion in AUM.
Global Flows to Spot Bitcoin ETF
Companies from 12 countries reportedly have holdings in these new financial instruments, according to data compiled from recent 13F filings with the SEC. Additionally, the United States leads the way with a reported investment of over $9.27 billion.
Leading American banks such as Morgan Stanley and Wells Fargo surprised the industry by announcing significant Bitcoin ETF holdings. This marked a key moment in the adoption of digital assets by traditional financial institutions. In total, 898 US investors reported investing in various Bitcoin ETF issuers.
Additionally, Millennium Management has emerged as the largest institutional player with $2 billion invested in these ETF products. Other prominent firms, such as Susquehanna International Group (SIG) and Boothbay Fund Management, also made significant investments. Boothbay alone has poured over $377 million into ETFs issued by major players like BlackRock, Grayscale, Fidelity, and Bitwise. This significant participation by US companies underscores the country’s leadership in the emerging Bitcoin ETF market.
Globally, Hong Kong has become the second largest hub for Bitcoin ETF investments, with 15 investors committing $210.93 million. Additionally, Jersey followed with 10 shareholders and a total investment of $58.25 million. Additionally, Canada ranks fourth, with seven owners investing $54.88 million.
Other significant contributors included firms from the Cayman Islands, Israel and Switzerland, which invested $16.90 million, $14.35 million and $8.28 million respectively. Additionally, companies from Puerto Rico, the United Kingdom, Australia, the Netherlands and France contributed $18.85 million to the global total.
Also Read: Spot Bitcoin ETFs Net $1.3 Billion in May, Reversing April’s $344 Million Outflow
BTC ETF Inflows Increased
In May 2024, Spot Bitcoin ETFs have received a massive inflow of $1.5 billion to date. On Friday, May 17, ETFs recorded net positive flows of $221.5 million. Blackrock’s IBIT ETF recorded an inflow of $38.1 million. However, Fidelity Wise’s FBTC took the lead with an entry of $99.4. Bitwise’s BITB ETF also recorded a significant inflow of $20.8 million.
Grayscale’s GBTC ETF continued its streak of inflows, rising $31.6 million. Additionally, the Ark 21Shares Bitcoin ETF (ARK) recorded an inflow of $10 million. Valkyrie’s BRRR and VanEck’s HODL contributed $6.4 million and $9.5 million, respectively. There was also a huge inflow of $948.3 million this week, surpassing the outflow of $343 million in April.
Also Read: US Spot Bitcoin ETFs Bought 5X the Total BTC Mined This Week
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