{"id":14918,"date":"2024-07-03T12:56:12","date_gmt":"2024-07-03T09:56:12","guid":{"rendered":"https:\/\/forklog.com\/en\/river-major-us-hedge-funds-embrace-bitcoin-etfs\/"},"modified":"2024-07-03T12:56:12","modified_gmt":"2024-07-03T09:56:12","slug":"river-major-us-hedge-funds-embrace-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/river-major-us-hedge-funds-embrace-bitcoin-etfs\/","title":{"rendered":"River: Major US Hedge Funds Embrace Bitcoin ETFs"},"content":{"rendered":"<p>By the end of the first quarter of 2024, 13 of the 25 largest hedge funds in the United States held bitcoin-based products, according to data from <a href=\"https:\/\/blog.river.com\/52-of-top-us-hedge-funds-own-bitcoin-etfs\/\">River.<\/a><\/p>\n<p>The study reveals that 534 organizations, ranging from hedge funds to pension and insurance companies with assets exceeding $1 billion, have invested part of their funds in BTC-ETFs.<\/p>\n<p>Notably, 11 of the 25 largest registered investment advisors and hundreds of smaller firms have allocated resources to this instrument.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1089.webp\" alt=\"1-1089\" class=\"wp-image-236194\"\/><figcaption class=\"wp-element-caption\">Data: River.<\/figcaption><\/figure>\n<p>Among hedge funds, <a href=\"https:\/\/u1f987.com\/en\/news\/millennium-management-acquires-1-94-billion-in-spot-bitcoin-etfs\">Millennium Management<\/a> stands out, having acquired 27,263 BTC ($1.69 billion). This amount is equivalent to 2.5% of the organization&#8217;s total <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of $67.7 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-825.webp\" alt=\"2-825\" class=\"wp-image-236195\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/x.com\/macromule\/status\/1791510019155915209\">River<\/a>.<\/figcaption><\/figure>\n<p>Other significant players include Schonfeld Strategic Advisors (6,734 BTC) and Point72 Asset Management (1,089 BTC).<\/p>\n<p>Some leading hedge funds, such as Bridgewater Associates, AQR Capital Management, and Balyasny Asset Management, have yet to invest in these instruments.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWith the advent of digital gold ETFs, institutions have run out of reasons to refuse &#8216;sound&#8217; money,\u201d<\/em> concluded the experts.<\/p>\n<\/blockquote>\n<p>Earlier, the Wisconsin State Investment Board <a href=\"https:\/\/u1f987.com\/en\/news\/wisconsin-state-investment-board-reveals-163-million-etf-holdings\">reported<\/a> investments in bitcoin products amounting to $163 million. By the end of 2023, it managed <a href=\"https:\/\/www.swib.state.wi.us\/\">$156 billion<\/a>.<\/p>\n<p>Back in May, BlackRock&#8217;s head of digital assets, Robert Mitchnick, <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-anticipates-renewed-interest-in-bitcoin-etfs\">stated<\/a> expectations of a new wave of inflows into spot BTC-ETFs driven by institutional participation.<\/p>\n<p>In April, analysts at Bernstein <a href=\"https:\/\/u1f987.com\/en\/news\/bernstein-sees-bitcoin-etf-inflow-slowdown-as-temporary\">predicted<\/a> a similar trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By the end of the first quarter of 2024, 13 of the 25 largest hedge funds in the United States held bitcoin-based products, according to data from River. The study reveals that 534 organizations, ranging from hedge funds to pension and insurance companies with assets exceeding $1 billion, have invested part of their funds in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,1156,167],"class_list":["post-14918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-institutional-investors-and-whales","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14918"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14917"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}