By March 31, a total of 937 institutions had invested over $11 billion in U.S. spot Bitcoin ETFs.
According to Senior Analyst Vetle Lunde at K33 Research, this $11.05 billion investment accounts for 18.7% of the total funds managed by BTC-based products. For comparison, only 95 firms invested in gold ETFs during the same period.
Among the 937 firms, Morgan Stanley stands out, investing $269.9 million in GBTC and becoming the second largest holder of an ETF from Grayscale after Susquehanna International Group (~$1 billion).
GBTC saw the most active institutional investment, totaling $4.38 billion. Following the Grayscale fund is IBIT from BlackRock, with investments totaling $3.23 billion. FBTC from Fidelity closes the top three with investments of $2.1 billion.
On May 15, the net inflow into spot Bitcoin ETFs increased to $303 million, with $131 million in FBTC and $86.3 million in BITB. Since approval, inflows into spot Bitcoin ETFs have exceeded $12 billion, with the positive trend continuing for the third day in a row, according to SoSoValue.
Bitwise Chief Investment Officer Matt Hougan highlighted on May 13 that investing in Bitcoin ETFs is a new trend among institutions. He mentioned that about 563 investment companies have collectively invested around $3.5 billion in ETFs.
Hougan draws a comparison between the interest in spot Bitcoin ETFs and the surge in demand for gold-focused exchange-traded funds launched in 2004. Gold ETF funds were highly successful, raising over $1 billion in the first five trading days.
Summary Review: The data from K33 Research underscores the significant institutional interest in U.S. spot Bitcoin ETFs, with over 900 institutions collectively investing a substantial $11 billion by March 31. This investment surge represents a noteworthy portion of the total funds managed by BTC-based products, indicating a growing confidence in Bitcoin as an asset class among institutional investors.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
