The post Institutions Flock to Bitcoin (BTC) ETFs, Signaling Major Shift in Crypto Investment appeared on BitcoinEthereumNews.com.

Bitcoin’s growing influence in the financial sector is becoming increasingly evident. Major institutions in the U.S. are integrating Bitcoin ETFs into their investment strategies. Over 534 institutions, each managing assets exceeding $1 billion, currently hold Bitcoin ETFs. Discover how Bitcoin is transforming institutional investment strategies and gaining mainstream acceptance. Bitcoin’s Growing Acceptance Among Major Financial Institutions Recent analysis reveals that Bitcoin is gaining significant traction among major financial institutions. According to a study by River, a prominent Bitcoin application, numerous major institutions in the U.S. have integrated Bitcoin ETFs into their investment strategies. The research indicates that 534 institutions, each managing assets exceeding $1 billion, currently hold Bitcoin ETFs. This trend underscores Bitcoin’s increasing acceptance among various financial entities, including hedge funds, pension funds, and insurance companies. Key Statistics Highlighting Bitcoin’s Institutional Adoption One striking statistic from River’s report reveals that over half of the top 25 hedge funds in the U.S. have adopted Bitcoin. Millennium Management, a notable example, has accumulated $2 billion in Bitcoin assets. This pattern extends beyond hedge funds, with 11 of the 25 largest Registered Investment Advisors (RIA) and several smaller advisors also investing in Bitcoin. River’s CEO, Alex Leishman, highlighted the strategic importance of holding Bitcoin assets. He cautioned that selling Bitcoin to major financial entities like Blackrock could result in a permanent loss of access to these valuable assets. His remark underscores the growing significance of Bitcoin within institutional portfolios. Why Include Bitcoin in Financial Reserves? The trend of businesses incorporating Bitcoin into their financial reserves is on the rise. Over a thousand companies using River’s platform currently hold Bitcoin in their reserves. The quantity of Bitcoin held by these firms has surged over the past year, with the average holding increasing from 2.5 BTC worth $70,000 to over 4 BTC, exceeding $280,000…

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Filed under: News - @ May 26, 2024 7:00 am