TechFlow news, on August 16, according to The Block, institutional investment managers overseeing at least $100 million in equity assets filed their 13F reports with the U.S. Securities and Exchange Commission this week. The filings revealed that these managers held $4.7 billion worth of spot Bitcoin ETFs during the second quarter of 2024.
As of the end of the second quarter, Goldman Sachs held approximately 7 million shares of spot Bitcoin ETFs, valued at $418 million, while Morgan Stanley held over 5.5 million shares, worth $190 million. High-frequency trading firm DRW Holdings disclosed holdings of at least $195 million in cryptocurrency ETF shares.
Among hedge funds, Millennium Management's holdings dropped from $1.94 billion in the first quarter to $1.1 billion in the second quarter. Capula held $253 million worth of IBIT shares and $211 million worth of FBTC shares. Ken Griffin's Citadel increased its holdings in the ProShares Bitcoin Strategy ETF to 860,727 shares, valued at $19 million, and also held both call and put options. Jane Street held substantial positions across four Bitcoin ETFs, totaling over $900 million in value. Fortress maintained its position of 1.325 million shares, worth $45.2 million.
Bitwise Chief Information Officer Matt Hougan noted that Bitcoin ETFs have provided professional investors with a scalable way to gain exposure to Bitcoin, and institutional investors have remained notably stable despite market volatility.
