Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News
    • Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds
    • A Sip Of Nostalgia That Sparked A Beverage Revolution
    • Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News
    • ETFs vs Individual Stocks: What Should You Buy?
    • Sherry FitzGerald expands into commercial property with Knight Frank deal – The Irish Times
    • What the changing dynamics of inflation could mean for UK bond markets
    • Debt MFs witness ₹1 lakh cr outflow in September on withdrawals from liquid, money market funds
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»ETFs»Big Wall Street Investors Bought Into Bitcoin ETFs in Q2
    ETFs

    Big Wall Street Investors Bought Into Bitcoin ETFs in Q2

    August 15, 2024


    <p>Thomas Trutschel / Contributor / Getty Images</p>

    Thomas Trutschel / Contributor / Getty Images

    Key Takeaways

    • Prominent money managers and large institutional investors bought into spot bitcoin ETFs in the second quarter, with BlackRock’s IBIT emerging as a clear winner for inflows.

    • Wall Street firms Goldman Sachs and Morgan Stanley revealed new positions in the bitcoin ETF market in the second quarter.

    • The State of Wisconsin Investment Board added to its position in BlackRock’s IBIT, while exiting its Grayscale Bitcoin Trust holding.

    Prominent Wall Street firms and large institutional investors bought into spot bitcoin (BTCUSD) exchange-traded funds in the second quarter, a sign of a healthy appetite for the products in the traditional financial sector.

    Wall St. Laps Up Bitcoin ETFs

    Goldman Sachs’ (GS) 13-F filing reporting a more than $400 million position in seven of the 11 spot bitcoin ETFs trading in the U.S. caught the eye of many investors and media. But it wasn’t the only big firm to disclose bitcoin exposure through ETFs.

    Morgan Stanley (MS) also ramped up its bitcoin ETF holdings from the prior quarter, when it held two shares each of theSimplify Bitcoin Strategy ETF (MAXI) and the Valkyrie Bitcoin and Ether Strategy ETF (BTF).

    According the Wednesday filing, not only did Morgan Stanley add to those two holdings but it entered new positions in six other spot bitcoin ETFs worth roughly $189 million as of June 30. The iShares Bitcoin Trust ETF (IBIT) accounted for nearly all of that exposure.

    Wells Fargo (WFC) expanded its holdings beyond the Grayscale Bitcoin Trust (GBTC) to include the Fidelity Wise Origin fund (FBTC), Invesco Galaxy bitcoin ETF (BTCO), iShares and VanEck Bitcoin Trust (HODL) funds.

    It was not immediately clear whether those holdings were on behalf of clients. Morgan Stanley allowed its advisors to market bitcoin ETFs to clients earlier this month.

    JPMorgan’s spot bitcoin ETF holdings dwindled to a small exposure to GBTC. This is comes after the country’s largest bank reported holding shares in at least three other bitcoin ETFs at the end of the first quarter. At that time, those holdings were believed to be related to the bank’s role as as a market maker and for the purpose of facilitating trading, according to Swan Bitcoin Lead Analyst Sam Callahan.

    Renaissance Technologies, a quant-based hedge fund, also scaled up buying bitcoin ETFs in the second quarter, more than doubling its bet on Bitwise Bitcoin ETF, and adding new positions in the Franklin Bitcoin ETF (EZBC), iShares and VanEck funds. It sold all its shares in the Fidelity and Grayscale funds, and trimmed holdings in ARK 21Shares Bitcoin ETF (ARKB) and Invesco ETFs.

    BlackRock’s IBIT Is a Clear Winner

    Investors are increasingly looking to bet on Blackrock’s iShares Bitcoin Trust ETF. More than half of Goldman’s $418 million bitcoin ETF exposure, or roughly $238 million, went to that fund. It also accounted for the lion’s share of Morgan Stanley’s holdings of bitcoin ETFs.

    Last week, London-based hedge fund giant Capula Management also disclosed ownership of more than $400 million of IBIT and the Fidelity ETF combined.

    The State of Wisconsin Investment Board (SWIB), which is responsible for handling the retirement funds and investments for the state of Wisconsin, also added to its IBIT holdings in the second quarter. SWIB disclosed nearly 2.9 million shares of IBIT in its filing, up from 2.45 million disclosed at the end of the previous quarter. SWIB exited its position in the Grayscale fund.

    Read the original article on Investopedia.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    ETFs vs Individual Stocks: What Should You Buy?

    October 22, 2025

    Silver taxation rules in India: How your earnings from physical silver, silver ETFs and mutual funds are taxed

    October 22, 2025

    3 Unstoppable Growth ETFs That Could Turn $10,000 Into More Than $12 million With Practically Zero Effort

    October 21, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    A Sip Of Nostalgia That Sparked A Beverage Revolution

    October 22, 2025

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    The Nifty 50 reached an intraday high of 25,932 on October 21, 2025, also a…

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025

    A Sip Of Nostalgia That Sparked A Beverage Revolution

    October 22, 2025

    Mutual Funds KYC: How To Check And Update Your Status, Here’s A Step-by-Step Guide | Savings and Investments News

    October 22, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    ONDO price jumps as tokenized stocks and ETFs launch

    September 3, 2025

    Mediobanca prolonge le suspense dans le grand meccano de la finance italienne

    June 16, 2025

    Time to Buy or Hold Post Lackluster Q2 Earnings?

    July 30, 2024
    Our Picks

    Mutual funds trim small-cap bets as institutional flows chase large caps – Jefferies explains what’s driving the trend – Money News

    October 22, 2025

    Debt MFs see outflow of ₹1 lakh cr in Sep on withdrawals from liquid, money market funds

    October 22, 2025

    A Sip Of Nostalgia That Sparked A Beverage Revolution

    October 22, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.