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Institutional Bitcoin Investments See Major Shifts, Coinshares Report Reveals

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Nicholas Edwards
Nicholas Edwardshttps://bollywoodfever.co.in/
Nicholas Edwards is a passionate writer with a keen interest in sports and business news. With a knack for delivering insightful and engaging content, Nicholas keeps his finger on the pulse of the latest developments in these dynamic fields. His enthusiasm for both sports and business shines through in his writing, making complex topics accessible to a wide audience. Whether it's dissecting the latest game-changing play or analyzing market trends, Nicholas brings a fresh perspective and a wealth of knowledge to his articles. Email @ admin@bollywoodfever.co.in

Coinshares’ latest analysis reveals significant shifts in institutional bitcoin investments, with Digital Currency Group reducing its holdings and new players like Capula Management and Avenir Tech increasing their stakes.

Bollywood Fever: A recent analysis by Coinshares, led by research analyst James Butterfill, reveals dynamic changes in bitcoin investments among institutional investors. 

The report, based on 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), provides a detailed look at the strategies employed by key players in the bitcoin market, highlighting significant shifts in institutional involvement.

The 13F filing data reviewed by Coinshares shows that investment advisors and brokerages currently hold the largest assets under management (AUM) in bitcoin, with $4.7 billion and $1.5 billion, respectively. 

Hedge funds and holding companies follow closely, managing $3.8 billion and $1.1 billion in bitcoin assets as of August 15, 2024. 

Institutional Bitcoin Investments See Major Shifts, Coinshares Report Reveals

Hedge fund managers are particularly prominent, with an average portfolio weighting of 2.2% in bitcoin, underscoring their active role in the market.

Coinshares’ analysis, shared with Bitcoin.com News, uncovers notable portfolio adjustments among major bitcoin holders. 

Digital Currency Group, holding $1.689 billion in bitcoin, saw the largest outflow, reducing its position by $732 million. 

Similarly, SIG Holding and Millennium Management decreased their bitcoin holdings by $476 million and $537.3 million, respectively. 

Millennium Management’s bitcoin portfolio weighting now stands at 0.19%, down from 0.33%.

Further reductions were observed from Jane Street Group and Horizon Kinetics, which decreased their positions by $321.5 million and $307 million, respectively. 

Conversely, Capula Management increased its bitcoin holdings by $470 million, now representing 2.6% of its portfolio. 

250 Bitcoins From 2009 Moved After 12 Years worth $10.8 million at the time of transfer

Avenir Tech/Hong Kong made a bold move, allocating 50% of its portfolio to bitcoin, totaling $388 million. 

Other institutions like Goldman Sachs Group, Galicia Asset Management, and Ark Investment Management also boosted their bitcoin investments.

The report highlights the emergence of new significant players in the bitcoin market, with Capula Management and Avenir Tech/Hong Kong making substantial investments. 

Capula’s bitcoin holdings now account for 2.6% of its portfolio, while Avenir Tech has committed half of its portfolio to the cryptocurrency. 

These strategic moves contrast sharply with Millennium Management’s reduction in bitcoin exposure, marking a $537 million decline.

Additionally, Morgan Stanley reduced its bitcoin holdings by $87 million, bringing its total AUM in bitcoin to $203 million, though it remains one of the largest banking institutions holding bitcoin assets. 

Butterfill’s analysis underscores the evolving landscape of institutional bitcoin investments, with notable shifts in holdings as some institutions reduce their exposure while others significantly increase their stakes.


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