Institutional investors held 25.4% of the assets in control (AUM) of Spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) from December 31-in a total of $ 26.8 billion.
K33 Research Head of Research Vetle Lunde shared That the percentage of Bitcoin ETF AUM that was held by institutions grew by 113% grew between the third and fourth quarter of 2024.
In addition, the AUM ratio of institutions rose by 4.1% quarter, because the total amount at the end of the fourth quarter increased by 69% to $ 78.8 billion.
According to Lunde, the number of investors that was exposed to Bitcoin via ETFs in the last quarter reached 1,576, a quarterly jump of 37.4%. In the meantime, the annual jump was 68.2%.
Ibit Dominance
The data from Lunde has also shown that institutional interest in the BlackRock Ibit in 2024 grew more than 4x.
Institutions reported $ 16 billion in IBIT shares at the end of the fourth quarter of last year, compared to less than $ 4 billion via hares at the end of the first quarter. The majority of the growth was included between the third and fourth quarter.
Recently, Mubadala Investment Company, one of the largest sovereign wealth funds from Abu Dhabi, almost $ 437 million reported In Bitcoin exposure by Ibit at the end of the fourth quarter.
In addition, the state of Wisconsin Investment Board (SWIB) increased by 110% of its BTC investments via IBIT in the same period, which exceeds $ 321 million. SWIB realized the shares of other Bitcoin ETFs, such as GBTC from Grayscale, and from December 31 she only kept exposure to BlackRock’s IBIT.
The FBTC from Fidelity also expanded considerably, almost 100% quarterly. However, the total AUM of institutional companies is still around $ 5 billion.
According to Bold Report Data, BlackRock’s Spot Bitcoin ETF has Almost $ 56.4 billion in AUM, while The total AUM of all other US Trade Spot Bitcoin ETFs together is $ 56.9 billion.
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Gino Matos
Gino Matos graduated from the law study and an experienced journalist with six years of experience in the crypto industry. His expertise focuses primarily on the Brazilian blockchain ecosystem and developments in Decentralized Finance (Defi).
