TradFi Investors Piled $38.7B Into Bitcoin ETFs, Three Times More Than Previous Quarter

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CoinDesk 2d ago

TradFi Investors Piled $38.7B Into Bitcoin ETFs, Three Times More Than Previous Quarter - CoinDesk

Quick Summary:

Institutional investors bought $38.7 billion worth of the spot bitcoin exchange-traded funds in the fourth quarter, filings with the Securities and Exchange Commission revealed.

He said most newly launched ETFs typically have under 10 holders.“No way to track but my guess is the record for first year prior to this was [probably] like 350 [institutional holders for new ETFs],” Balchunas wrote.

Bitcoin price may be volatile but it didn't stop giant financial institutions from continuing to invest more.