$13 Billion Bitcoin ETF Surge: US Institutions Lead The Charge

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Institutional ownership of U.S.#Bitcoin Spot ETFs is around 20%, with asset managers holding 193K BTC (per Form 13F filings).pic.twitter.com/9YTOEH3G5w — Ki Young Ju (@ki_young_ju) October 22, 2024 Big Chunk Of The Pie Interestingly, big players such as Millennium Management and Jane Street now hold over 20% of the total market through various Bitcoin ETFs worth about 961,645 BTC.

Options Trading Approved Another major turning point came when the SEC lately approved options trading for spot Bitcoin ETFs on NYSE American LLC and CBOE.

Now that options trading is possible, experts think that more institutional buyers will get into the Bitcoin market.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Btcusd Cryptocurrency Market News Bitcoin Ethereum Crypto Etf Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 19:00:25 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23217568

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