TechFlow news, according to Forbes on August 6, more than 20 institutions have recently filed their previous quarter's financial reports with the U.S. Securities and Exchange Commission (SEC), revealing that they have all invested in Grayscale’s Bitcoin Trust (GBTC). Among them are established investment firms such as Ark Invest, which manages $4.5 billion in assets, and Horizon Kinetic, managing $5.3 billion. New entrants including Rothschild and Addison Capital have also joined the investment. Cryptocurrency analyst Yassine Elmandjra noted that while it is difficult to precisely identify exactly who has entered the crypto market, these filings can partially reflect the scale of institutional investment.
Meanwhile, if the SEC raises the reporting threshold from $100 million to $3.5 billion, the majority of institutional investors currently required to file disclosures would no longer need to do so. Out of the 27 companies that disclosed their holdings in GBTC, only nine funds exceed the $3.5 billion threshold—and these nine funds are managed by just three firms—meaning smaller institutional investors just beginning to explore Bitcoin assets would become invisible.
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