Institutional Investors Show Cautious Interest in Bitcoin ETFs, 13F Filings Reveal

13F filings provide insight into institutional investments in Bitcoin ETFs, required by the SEC for institutions managing over $100 million. These filings offer a look at their quarterly holdings, indicating the level of interest in Bitcoin ETFs from various institutions.

BNP Paribas and BNY Mellon have reported modest investments in Bitcoin ETFs. BNY Mellon holds nearly 20,000 shares of IBIT and around 7,000 shares of Grayscale's GBTC, while BNP Paribas holds about 1,000 shares of IBIT. Although these stakes are relatively small, they signal growing institutional curiosity in cryptocurrency funds.

Smaller firms are more heavily invested, suggesting a stronger belief in the potential of Bitcoin ETFs. Quattro Advisors owns 468,200 BlackRock shares, and Legacy Wealth Management has over 350,000 shares of Fidelity’s ETF. A notable large holder is Yong Rong, with over a million shares in BlackRock’s fund, making it a significant part of their portfolio.

The international interest is also notable, with Hong Kong-based Ovata investing in various Bitcoin ETFs, including those from Fidelity, Grayscale, Bitwise, and IBIT. This reflects a broader global interest in these investment vehicles. The filings show a mixed but expanding interest in Bitcoin ETFs among institutions.

Some large entities have made cautious entries, while smaller firms and international players demonstrate more substantial commitments. As more filings are reported, the full scope of institutional sentiment towards Bitcoin ETFs will become clearer, potentially influencing broader market acceptance.