Interpretation of Institutional Investors' Bitcoin Holdings in 2024: What Important Information Does the 13F Filing Reveal?

【Plain Language Summary】The 13F filings for the fourth quarter of 2024 show that 1,573 institutions hold long positions in #$BTC, including banks, hedge funds, family offices, pension funds, and more.

For example, the Abu Dhabi sovereign wealth fund holds $437 million in Bitcoin #ETF, but this only accounts for 0.1% of its total assets. Some institutions have a higher allocation to Bitcoin, such as Horizon Kinetics (16.16%) and Bracebridge Capital (23.6%), while quantitative funds and market makers' Bitcoin holdings may be part of market-neutral strategies.

Although the 13F filings only reflect long positions in U.S. stocks and related assets, they do not comprehensively represent the overall investment portfolios of institutions. As institutional investors continue to increase their exposure, the institutional adoption of Bitcoin is accelerating. https://t.co/iTNZ9v8zze