For the first time this year cryptocurrency Investors began to closely monitor the Forms 13F submitted to the SEC. Bitcoin (BTC) 
$91,963 It was at $91,750 and the price rose again following news that Trump will meet with Coinbase CEO regarding cryptocurrencies. So, what details were included in the 13F documents for the last quarter?
Institutional Demand and Bitcoin (BTC)
Major companies’ interest in cryptocurrencies BTC and many companies have significant BTC ETF investments. Forms 13F tell us what companies with over $100 million in equity assets are buying and selling.
Following the launch of BTC ETFs in January, these forms, which must arrive at the SEC by 45 days after the end of each quarter, are being closely monitored. BlackRock’s iShares Bitcoin Trust ETF holds 160.2 million shares and 700 institutional investors hold those shares, according to Fintel data. The total assets under management of the ETF reached 42 billion dollars.
Largest Institutional Investors
Millennium Management purchased 12.6 million shares in the last quarter, bringing the total to 23.5 million shares worth $848 million. Founded by Israel Englander, one of Wall Street’s most famous hedge funds, the fund is also Fidelity Wise Origin. Bitcoin Fund (FBTC) also holds 11.6 million shares worth $644 million.
Capula, one of the famous funds based in Europe IBIT It holds $308 million in ETF and $288 million in FBTC. Steve Cohen’s Point72 exited its positions in both IBIT and FBTC, while Jane Street sold 6.4 million shares, bringing its holdings in IBIT to near zero.
Jane Street replaced some of the assets it sold with ETFs such as ARKB and BITO. Tudor Investment Corporation owns IBIT shares worth $230 million. Goldman Sachs added an additional $710 million of shares to its reserves last quarter as it more heavily offered BTC ETFs to its clients. Morgan Stanley reduced its holdings to $183 million in the last quarter before the rise.
ETF accumulation is likely to accelerate in anticipation of the continuation of the BTC price increase this quarter and further rises with Trump’s inauguration in January.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
