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Bitcoin ETFs Hit Milestone With Over 1,000 Institutional Investors Beincrypto 09 set 2024

Bitcoin ETFs Hit Milestone With Over 1,000 Institutional Investors 📈

Since their debut in January 2024, spot Bitcoin exchange-traded funds (ETFs) have garnered significant attention from institutional investors, simplifying Bitcoin investments.

Over 1,000 institutional investors have participated within two 13F filing periods, showcasing the ETFs' popularity.

BlackRock's iShares Bitcoin Trust stands out, with 661 institutional holders and 20% of its shares with large advisors. Experts foresee this number doubling next year.

US hedge funds significantly increased their Bitcoin ETF holdings, with major firms like Citadel Investments and Millennium Management among them.

The appeal extends beyond hedge funds to top registered investment advisors, indicating growing trust in Bitcoin's value.

Despite some outflows reflecting market risk aversion, the institutional faith in Bitcoin ETFs remains strong, as reflected in substantial continued investments.

Fonte: beincrypto.com ↗

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