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US Dominates Global Bitcoin ETF Inflows with $10B in Q1 2024

US Dominates Global Bitcoin ETF Inflows with $10B in Q1 2024

Recent 13F disclosures have disclosed a considerable growth in corporate firms’ global investments in U.S. Spot Bitcoin ETFs, which is a historic move. According to the statistics, 937 institutional investors with a combined AUM contribution of over $10 billion have expressed interest in participating in these ETF products.

Worldwide Flooding Into Spot Bitcoin ETF

Companies from 12 different nations have disclosed interests in these new financial products, according to data gathered from the most recent 13F filings with the SEC. Furthermore, the United States is in the lead with reported investments of over $9.27 billion.

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Renowned American banks like Wells Fargo and Morgan Stanley shocked the market by revealing their significant Bitcoin ETF holdings. This was a turning point in traditional financial institutions’ acceptance of digital assets. In total, 898 American investors reported making investments with several Bitcoin ETF issuers.

Furthermore, Millennium Management became the biggest institutional player, with $2 billion invested in these ETF products. Other well-known companies, including Boothbay Fund Management and Susquehanna International Group (SIG), also made significant investments there. Boothbay alone invested more than $377 million in ETFs issued by significant players such as Bitwise, BlackRock, Grayscale, and Fidelity. This significant involvement of American businesses demonstrates the country’s dominance in the developing Bitcoin ETF market.

With fifteen investors contributing $210.93 million, Hong Kong became the second-largest location for Bitcoin ETF investments worldwide. Jersey needed to catch up with ten holders and a total investment of $58.25 million. Furthermore, with seven holders contributing $54.88 million, Canada came in fourth. 

Companies from the Cayman Islands, Israel, and Switzerland were among the other noteworthy donors; they contributed $16.90 million, $14.35 million, and $8.28 million, respectively. In addition, businesses from Puerto Rico, the U.K., Australia, the Netherlands, and France gave $18.85 million toward the worldwide total.

Inflows Into BTC ETFs Rise

The Spot Bitcoin ETFs have received inflows totalling an astounding $1.5 billion as of May 2024. The ETFs recorded a net positive flow of $221.5 million on Friday, May 17. An influx of $38.1 million was registered in Blackrock’s IBIT ETF. With $99.4 inflows, Fidelity Wise’s FBTC took the lead. Additionally, Bitwise’s BITB ETF had a massive $20.8 million influx.

With $31.6 million more, Grayscale’s GBTC ETF saw its inflow streak continue. Moreover, $10 million was added to the Ark 21Shares Bitcoin ETF (ARK). VanEck’s HODL and Valkyrie’s BRRR each contributed $9.5 million and $6.4 million, respectively. In addition, the week saw a massive inflow of $948.3 million, surpassing the $343 million outflow for April.

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