U.Today named main holders of bitcoin ETFs

As revealed in a 13F report filed by major institutional investors with the US Securities and Exchange Commission, there has been a significant shift in bitcoin-ETF holdings.

Investment advisors are now leading holders of exchange-traded funds on the major cryptocurrency by a large margin, with more than $10 billion in exposure and about 125,000 BTC tokens. They are far ahead of hedge fund managers and brokerage firms, which hold about $6.9 billion and $2.1 billion, respectively.

Now, the companies that filed 13F account for about 20% of all bitcoin-ETF assets. However, the analysts quoted by U.Today expect the figure to continue rising significantly. 

As they note, such dynamics reflect a real change in institutions' attitudes toward bitcoin. They are getting more cautious, thinking about the long term, and favoring instruments such as ETFs that meet regulatory requirements.

This is evidenced by a marked increase in fund inflows. On June 3 alone, net inflows totaled $378 million. This brought total assets to $44.48 billion.