Compass Investments

Crypto vs. Dollar

📌 “Over 600 companies have disclosed billions of dollars invested in bitcoin-ETFs”.

Over the past week, it has come to light that a slew of professional investment firms and major banking institutions have invested heavily in bitcoin-ETFs, as disclosed in their latest 13F reports filed with the U.S. Securities and Exchange Commission (SEC). According to the May 9 filing, more than 600 professional investment firms reported ownership of bitcoin-ETFs totaling $3.5 billion. That number is expected to reach 700 companies with a total investment of $5 billion by the May 15 reporting deadline. Bitcoin

– Over the past week, it has come to light that a slew of professional investment firms and major banking institutions have invested heavily in bitcoin-ETFs, as disclosed in their latest 13F reports filed with the U.S. Securities and Exchange Commission (SEC). According to the May 9 filing, more than 600 professional investment firms reported ownership of bitcoin-ETFs totaling $3.5 billion. That number is expected to reach 700 companies with a total investment of $5 billion by the May 15 reporting deadline.

Among the big names that have disclosed their bitcoin-ETF investments are giants such as Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas and Royale Bank of Canada. Also on the investor list are large hedge funds such as Millennium Management and Schonfeld Strategic Advisors.

Millennium Management, a hedge fund with $1.9 billion in assets under management, is the largest investor in the BTC ETF. The fund has spread its investments among various bitcoin ETFs, including IBIT from BlackRock, FBTC from Fidelity, GBTC from Grayscale, ARKB from Ark and BITB from Bitwise. Their investments range from $44.7 million to $844.2 million per fund.

Schonfeld Strategic Advisors, a hedge fund with $13 billion in assets under management, has also made significant investments in BTC ETFs. They invested $479 million, spreading it between IBIT and FBTC.

Other fund managers such as Boothbay Fund Management and Pine Ridge Advisers have also announced significant investments in spot bitcoin ETFs. Boothbay Fund Management has invested $377 million and Pine Ridge Advisers has invested $205.8 million in various bitcoin funds.

Morgan Stanley, a well-known investment bank, showed an investment of $269.9 million exclusively in Grayscale’s GBTC, making it one of the largest holders of this fund. Aristeia Capital Llc, an alternative asset management company, has also made a substantial investment of $163.4 million in IBIT.

These disclosures show the growing popularity of bitcoin-ETFs among professional investors and major financial institutions. The interest in exchange traded cryptocurrency funds underscores bitcoin’s potential role as an asset in professional investors’ portfolios.

At the same time, Cryptocurrency Regulation magazine raises questions about the future regulation of the cryptocurrency industry by SEC Chairman Gary Gensler. Gensler’s challenge is to strike a balance between protecting investors and supporting innovation in this rapidly evolving field.

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