Over 900 institutions invested $11b in spot Bitcoin ETFs

Main Points Related to Bitcoin, web3, Ethereum, and Cryptocurrency:

  • Over 937 institutions invested $11 billion in U.S. spot Bitcoin ETFs.
  • Morgan Stanley invested $269.9 million in GBTC, becoming the second largest holder.
  • Net inflow into spot Bitcoin ETFs increased to $303 million on May 15.
  • Bitwise CIO highlighted the growing trend of institutions investing in Bitcoin ETFs.

Institutional Investment Trends in Bitcoin ETFs

As of March 31, 937 institutions had invested over $11 billion in U.S. spot Bitcoin ETFs, representing 18.7% of total BTC-based product funds. Comparatively, only 95 firms invested in gold ETFs during the same period. Morgan Stanley’s $269.9 million investment in GBTC positions them as the second largest holder after Susquehanna International Group. These institutions show a strong preference for GBTC, with total investments reaching $4.38 billion.

Positive Inflows into Spot Bitcoin ETFs

The net inflow into spot Bitcoin ETFs surged to $303 million on May 15, with notable investments in FBTC and BITB. Since approval, inflows have surpassed $12 billion, indicating a sustained positive trend. Bitwise’s CIO, Matt Hougan, recognizes the increasing interest from over 563 investment companies collectively investing $3.5 billion in ETFs, likening it to the successful rise of gold-focused exchange-traded funds in 2004.

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