{"id":522446,"date":"2024-05-17T15:38:51","date_gmt":"2024-05-17T15:38:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=522446"},"modified":"2024-05-17T15:38:51","modified_gmt":"2024-05-17T15:38:51","slug":"jpmorgan-morgan-stanley-and-ubs-among-more-than-600-firms-invested-in-spot-bitcoin-etfs-filings-show","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/jpmorgan-morgan-stanley-and-ubs-among-more-than-600-firms-invested-in-spot-bitcoin-etfs-filings-show","title":{"rendered":"JPMorgan, Morgan Stanley And UBS Among More Than 600 Firms Invested In Spot Bitcoin ETFs, Filings Show"},"content":{"rendered":"
Investment banking titans including Morgan Stanley, JPMorgan and UBS are among 600 firms that have socked billions of dollars into spot Bitcoin ETFs (exchange-traded funds).<\/span><\/p>\n That’s according to 13F filings with the US Securities and Exchange Commission (SEC), which show that co<\/span>llectively professional investment management firms have allocated around $3.5 billion to spot Bitcoin ETFs.<\/span><\/p>\n <\/p>\n Alternative investment firm Millennium Management, with more than $64 billion in assets under management, is the biggest investor in BTC ETFs with <\/span>$1.9 billion<\/span><\/a>. Its biggest position is in BlackRock’s iShares Bitcoin Trust (IBIT), with $844.2 million. <\/span><\/p>\n Millennium also invested in four other spot Bitcoin ETFs: Fidelity’s Wise Origin Bitcoin Fund (FBTC), the Grayscale Bitcoin Trust (GBTC), as well as the ARK 21Shares Bitcoin ETF (ARKB) and the Bitwise Bitcoin ETF (BITB).<\/span><\/p>\n The second largest investor is Schonfeld Strategic Advisors, which is a hedge fund boasting $13 billion in assets under management. Its filing showed that the firm invested $248 million in BlackRock’s IBIT and $231.8 million in Fidelity’s fund.<\/span><\/p>\n $IBIT<\/a> ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record. Even having 20 holders as a newborn is bfd, highly rare. Here's a look at how the btc ETFs compare to other ETFs launched in Jan (aka the Class of 2024) in this metric. pic.twitter.com\/ngicEdbaTq<\/a><\/p>\n — Eric Balchunas (@EricBalchunas) May 16, 2024<\/a><\/p><\/blockquote>\nMillennium Management Emerges As The Largest Spot BTC ETF Investor<\/span><\/h2>\n
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