In Q1, US Takes Lead in Global Bitcoin ETF Inflows with $10 Billion

Exciting news alert! Recent reports reveal a surge in investments by corporate giants globally in U.S. Spot Bitcoin ETFs. An impressive 937 institutional investors are eyeing these ETF products, contributing over $10 billion in assets under management (AUM).

Global Interest in Spot Bitcoin ETF

The latest 13F filings with the SEC unveil holdings in these innovative financial instruments from companies spanning 12 countries. Leading the pack is the U.S., with reported investments exceeding $9.27 billion.

Prestigious American banks like Morgan Stanley and Wells Fargo made waves by disclosing substantial Bitcoin ETF holdings. This showcases a significant milestone in the adoption of digital assets by traditional financial institutions. Notably, 898 U.S. holders have invested in various Bitcoin ETF issuers.

Millennium Management emerged as the top institutional player, putting $2 billion into these ETF products. Other key firms such as Susquehanna International Group (SIG) and Boothbay Fund Management also made noteworthy investments. Boothbay alone injected over $377 million into ETFs issued by major players like BlackRock, Grayscale, Fidelity, and Bitwise. The substantial involvement of U.S. companies underscores the nation’s leadership in the thriving Bitcoin ETF market.

Global investment hotspots include Hong Kong as the second-largest hub, with 15 holders committing $210.93 million. Jersey followed closely behind with 10 holders investing $58.25 million. Canada secured the fourth spot, with seven holders contributing $54.88 million.

Noteworthy additions came from companies in the Cayman Islands, Israel, and Switzerland, investing $16.90 million, $14.35 million, and $8.28 million, respectively. Additionally, firms from Puerto Rico, the United Kingdom, Australia, the Netherlands, and France collectively added $18.85 million to the global total.

Rising BTC ETF Inflows

The Spot Bitcoin ETFs witnessed a staggering $1.5 billion in inflows by May 2024. On Friday, May 17, the ETFs attracted a net positive flow of $221.5 million. Blackrock’s IBIT ETF saw an inflow of $38.1 million, while Fidelity Wise’s FBTC led with $99.4 million inflows. Bitwise’s BITB ETF also secured a substantial flow of $20.8 million.

Grayscale’s GBTC ETF sustained its inflow momentum, adding $31.6 million. Additionally, the Ark 21Shares Bitcoin ETF (ARK) received $10 million in inflows. Valkyrie’s BRRR and VanEck’s HODL contributed $6.4 million and $9.5 million, respectively. The week saw a massive total influx of $948.3 million, surpassing April’s outflow of $343 million.



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