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600 US Financial Companies Invest Money in Bitcoin Spot ETFs

Liputan6.com, Jakarta More than 600 financial companies have invested heavily in Bitcoin Spot ETFs. This was revealed in their financial company filings submitted to the United States Securities and Exchange Commission (SEC) over the past week.

Quoted from Coinmarketcap, Thursday (23/5/2024), according to the data disclosed, professional investment companies have declared Bitcoin ETF holdings of USD 3.5 billion or the equivalent of IDR 55.8 trillion (assuming an exchange rate of IDR 15,694 per US dollar).

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Asset management company Millennium emerged as the largest investor in the BTC ETF, after allocating USD 1.9 billion or the equivalent of IDR 30.3 trillion.

Followed by Schonfeld Strategic Advisors, a hedge fund managing USD 13 billion in assets, with a large investment of USD 248 million in BlackRock ETFs and an additional USD 231.8 million in Fidelity funds, for a total of USD 479 million.

Morgan Stanley, one of the leading financial institutions, has disclosed a huge investment of USD 269.9 million in GBTC, strengthening its position as one of the largest holders of GBTC.

Aristeia Capital, an alternative asset manager, has disclosed a USD 163.4 million investment in IBIT. Other financial giants such as JPMorgan, Wells Fargo, UBS, BNP Paribas, and Royal Bank of Canada are also on the list of investors.

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Despite a significant slowdown in inflows in recent weeks, spot Bitcoin ETFs saw huge demand in the first three months following their launch in mid-January.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.

600 US Financial Companies Invest Money in Bitcoin Spot ETFs

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#Financial #Companies #Invest #Money #Bitcoin #Spot #ETFs
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