The top 80 holders of the US Bitcoin ETF are mainly hedge funds, with their holdings valued at approximately 10.26 billion US dollars. These holdings account for two-thirds of the total inflows into the Bitcoin ETF since its launch on January 11th. The data is sourced from MV Capital partner Tom Dunleavy and Farside Investors. Real Vision CEO Raoul Pal and crypto trader Joseph B. believe that the flow of the Bitcoin ETF is primarily driven by arbitrage trading, with retail investors not yet being the main driving force.

Data provided by Tom Dunleavy, a partner at MV Capital, shows that the top 80 holders of the US Bitcoin ETF are from hedge funds, with capital from various institutions and individual investors. According to Farside Investors, these 80 companies collectively hold shares worth approximately $10.26 billion in the spot Bitcoin ETF, accounting for about two-thirds of the net inflows of around $15.42 billion since the launch of the spot Bitcoin ETF on January 11. Raoul Pal, the CEO of Real Vision, believes that the flow of Bitcoin ETFs may come from arbitrage trading, with retail investors not yet being a key driving factor. Cryptocurrency trader Joseph B. points out that the recent inflow can be attributed to arbitrage trading, but as a whole, arbitrage trading accounts for less than 15% of the total flow of the Bitcoin ETF. (Cointelegraph)

The top 80 holders of the US Bitcoin ETF are hedge funds, with a total holding value of $10.26 billion.