Goldman Sachs and Capula among top buyers of Bitcoin ETFs in Q2 2024

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Major BTC ETF Buyers
  2. Statistics and Data
  3. Future of Crypto ETFs


    4. According to CoinShares Research, major investment firms Goldman Sachs, Capula Management, and Avenir Tech became the largest buyers of Bitcoin (BTC) exchange-traded funds (ETFs) in Q2 2024.

    Major BTC ETF Buyers

    An analysis of quarterly 13F filings by major fund managers revealed that these three investment firms collectively purchased nearly $1.3 billion worth of BTC ETF shares. Since launching in January, Bitcoin ETFs have witnessed enormous demand, partly driven by adoption from large financial institutions such as Morgan Stanley.

    Statistics and Data

    According to CoinShares, Capula bought BTC shares worth approximately $470 million since March, while Goldman Sachs and Avenir bought $419 million and $388 million, respectively. Additionally, fund managers Galacia Asset Management and DE Shaw purchased $307 million and $174 million worth of shares, respectively. Almost half of Avenir's holdings are now comprised of BTC funds. The largest outflows came from crypto-native hedge fund Digital Currency Group, which sold $732 million in shares since March. Overall, hedge funds hold the largest portfolio allocations of Bitcoin, averaging 2.2%, while private equity firms hold around 1.4%. Adoption among banks and pension funds remains negligible, with 0% and 0.1% portfolio allocations, respectively.

    Future of Crypto ETFs

    Ongoing adoption of crypto ETFs by established wealth managers is likely to result in larger allocations to these products even among conservative institutions such as pension funds. Katalin Tischhauser, head of investment research at crypto bank Sygnum, noted that many large investors, such as sovereign wealth funds and pension funds, are poised to invest in ETFs. In the future, crypto is likely to become part of model portfolios, with products tailored to different risk profiles.

    The market for crypto ETFs continues to evolve, and the participation of major financial players signals the approach of new changes in the investment landscape.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Grayscale Appoints BitGo as Custodian for Hyperliquid Staking ETF

Grayscale has appointed BitGo Bank Trust as an additional custodian for its Hyperliquid Staking ETF to enhance custody services and operational flexibility.

user avatarAndrew Smith

Avalanche Sees Surge in Tokenized US Treasury Assets

The value of tokenized US Treasury assets on the Avalanche network has surged to approximately $545 million, marking a fourfold increase over the past year.

user avatarJacob Williams

Metaplanet Shows Liquidity Management with Strategic Bitcoin Transactions

Metaplanet sold 10,000 BTC for approximately $790 million and bought back 11,000 BTC for around $950 million, demonstrating its ability to manage liquidity effectively.

user avatarSon Min-ho

Navra Secures $19 Million in Series A Funding to Bridge Traditional Finance and Blockchain

Navra, a startup led by Mike Cagney, has successfully raised $19 million in Series A funding to enhance access to blockchain-based financial markets for traditional investors.

user avatarZainab Kamara

Arbitrum Proposes Strategic Initiative for USDG Stablecoin

Arbitrum has proposed a governance initiative to back USDG as a core strategic stablecoin within its ecosystem, including adding 100 million ARB to enhance liquidity and adoption.

user avatarTando Nkube

BitGo and HashKey Cloud Expand Partnership in Asia-Pacific

BitGo and HashKey Cloud have expanded their partnership to cover multiple areas of institutional crypto infrastructure, including staking, trading, custody, and asset tokenization in Singapore.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.