There is a strong institutional presence in U.S. spot crypto exchange-traded funds (ETFs), with investment advisors taking a commanding lead, according to the recent SEC filings.
Investment advisors now hold over $10.28 billion in spot bitcoin
ETF assets, representing 124,753 BTC. Investment advisors hold nearly half of the total crypto assets declared by the various funds. Hedge fund managers are second holding $6.9 billion worth of BTC ETF, or nearly 83,934 BTC, followed by brokerages and holding companies.
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