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Bitcoin ETFs: New Gold Rush for Financial Institutions

theguru Views  

Major institutional investors disclose 13F filings, including Park Avenue Securities
Positive outlook amid Bitcoin halving

Global financial companies were confirmed to have made large purchases of Bitcoin spot ETFs in the first quarter of this year. Analysis suggests growing confidence in Bitcoin’s investment value.

According to the 13F (Form 13) submitted to the U.S. Securities and Exchange Commission (SEC) on the 15th, major institutional investors increased their purchases of Bitcoin spot ETFs in the first quarter of this year. The 13F is a report form that institutional investors with a stock asset value of over $100 million submit quarterly.

Among the largest institutional investors, Park Avenue Securities LLC, boasting an AUM (assets under management) of $9.9 billion, made the list. Park Avenue Securities purchased Grayscale’s GBTC.

Inscription Capital LLC, which manages about $1.3 billion in assets, also bought Bitcoin spot ETFs. American National Bank and Wedmont Private Capital also purchased Bitcoin spot ETFs, with scales ranging from thousands to hundreds of thousands of dollars.

Overall, it appears that not only major institutional investors but also family offices, banks, and investment funds are still increasing their purchases of Bitcoin spot ETFs. This buying trend is seen as a reflection of growing confidence in Bitcoin’s investment value.

The upcoming Bitcoin halving, expected to occur between the 18th and 21st, is also projected to have a positive impact. When the halving begins, the Bitcoin block rewards decrease from the existing 6.25 bitcoins to 3.125 bitcoins. Since the supply of Bitcoin decreases, it is typically predicted that a price increase will occur due to the reduced supply.

The fact that Hong Kong’s financial authorities are preparing to approve Bitcoin and Ethereum spot ETFs is also a positive factor. Since the U.S. financial authorities approved the Bitcoin spot ETF last January, 11 ETFs in the U.S. have attracted about $59 billion in funds.

theguru
content@viewusglobal.com

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