News

News on November 19, according to The Block, the latest disclosed 13F files in the United States show that institutional investors adjusted their holdings strategy for Bitcoin ETFs in the third quarter of 2024, indicating further penetration of crypto assets on Wall Street. BlackRock's iShares Bitcoin Trust (IBIT) remains a market leader with nearly 700 institutional holders and a total shareholding of 160.2 million shares, managing assets worth $42 billion. Among them, Millennium Management increased its holdings by 12.6 million shares to reach 23.5 million shares valued at $848 million; Capula added another one million IBIT shares ($308 million) and FBTC ($288 million). Meanwhile, some institutions reduced or exited: Point72 cleared out IBIT and FBTC; Jane Street significantly reduced its holding in IBIT but still holds ARKB、BITO and FBTC. Goldman Sachs increased its holdings by adding an additional five point seven-seven-million IBIT shares bringing their total to twelve point seven-million shares ($710 Million), becoming the second-largest holder while Morgan Stanley decreased its position by approximately four hundred fifty thousand stocks reducing their overall position down to $183 Million dollars.The total management scale of Bitcoin ETF has now reached $92 billion. Analysts pointed out that as institutions reassess their stance on crypto assets, there may be more structural allocation waves in the future. This week could see the official launch of Bitcoin ETF options trading which would further promote market development.