Wall Street Invests More in Bitcoin ETFs
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Bitcoin is no longer just an obscure class of asset. Big investment firms like BlackRock and Fidelity are leading the way by using spot Bitcoin ETFs to give their clients exposure to the cryptocurrency. These two ETFs—BlackRock’s IBIT and Fidelity’s FBTC—together hold over $91 billion worth of Bitcoin.
To this end, this shift shows that large hedge funds are taking Bitcoin more seriously. Rather than holding actual Bitcoin, which can be risky, they are choosing ETFs to invest more safely.
Hedge Funds Favor Fidelity’s FBTC
Fidelity’s FBTC is becoming a popular choice for hedge funds. As it stands, Jane Street Group owns the most, with more than 7.2 million shares. They’re using trading tools like call and put options, which means they’re managing both their risks and opportunities carefully.
Sculptor Capital has increased its investment from 800,000 to over 2 million shares, while Schonfeld Strategic Advisors has decreased its position to 4.1 million shares. Also, Capula Management, based in London, owns approximately 4.3 million shares and hasn’t made any significant changes, indicating a steady approach. However, Millennium Management follows with 6.9 million shares, ignoring options, demonstrating their trust in ETFs.
BlackRock’s IBIT Gains Strong Support
BlackRock’s IBIT is also attracting big hedge funds. Brevan Howard owns 21.5 million shares, although slightly less than before. Goldman Sachs has a larger total, holding 30.8 million shares in different ways—including direct shares and options.
Millennium shows up again with 18.1 million shares in IBIT. Susquehanna International Group owns nearly 30 million shares across different forms of trading. Even smaller investors like Brooklands Fund Management are getting involved, with just over 15,000 shares. These moves show that traditional finance is getting more comfortable with Bitcoin, using ETFs as a safer path into the crypto world.
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