TradFi Investors Piled $38.7B Into Bitcoin ETFs, Three Times More Than Previous Quarter
Institutional investors increased their spot Bitcoin ETF holdings to $38.7B in Q4 2024, more than triple the $12.4 billion reported in Q3, according to SEC filings. Major entities like Wisconsin's investment board and Paul Tudor Jones' hedge fund expanded their positions to tens of millions of dollars of BTC. BlackRock's IBIT has attracted around 1,100 institutional holders since its release in January 2024 – by this time, most ETFs have fewer than 10 institutions invested.