Growing Interest in Bitcoin Among Institutional Investors
In recent months, there has been a significant increase in interest from institutional investors in Bitcoin, with large investment structures actively accumulating cryptocurrency. Matt Hougan, the Chief Investment Officer of Bitwise, cited examples of this trend.
For example, the hedge fund Millennium Management allocated over $2 billion to purchase shares in leading spot Bitcoin ETFs in the first quarter. Mass Mutual, an insurance giant, is also actively investing in Bitcoin, holding assets worth around $100 million in GBTC. Boothbay Fund Management invested over $300 million in various spot Bitcoin ETFs.
Last week, 563 professional investment companies reported holding stakes in Bitcoin ETFs worth $3.5 billion. It is expected that by the end of May, this number will increase to 700 companies, with total assets in Bitcoin reaching $5 billion.
Interest in Bitcoin is not limited to large investment companies, as family funds are also getting involved. The Rothschild fund Edmond De Rothschild has invested over $4 million in spot Bitcoin ETFs. The Investment Board of the State of Wisconsin has acquired assets in ETFs worth over $160 million.
These actions reflect a growing trend among institutional investors who see Bitcoin as a legitimate and stable asset in the financial world.
