Goldman Sachs, Capula, Avenir were the biggest BTC ETF buyers in Q2 - CoinShares

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Major BTC ETF Buyers
  2. Market Dynamics of BTC ETFs
  3. Future Investment Forecasts


    4. Goldman Sachs, Capula Management, and Avenir Tech emerged as the biggest buyers of Bitcoin exchange-traded funds (ETFs) in the second quarter of 2024, according to an analysis by CoinShares Research.

    Major BTC ETF Buyers

    According to CoinShares’ review of quarterly 13F disclosures filed by large fund managers, the three investment firms collectively bought nearly $1.3 billion worth of BTC ETF shares. Since January, Bitcoin ETFs have seen enormous demand, aided in part by adoption by large financial institutions such as Morgan Stanley.

    Market Dynamics of BTC ETFs

    Capula had bought BTC shares worth approximately $470 million since March, with Goldman Sachs and Avenir buying $419 million and $388 million, respectively. The largest outflows came from crypto-native hedge fund Digital Currency Group, which sold $732 million in shares. Overall, hedge funds hold the largest portfolio allocations of Bitcoin, averaging 2.2%, according to CoinShares.

    We have more than 15 billion inflows. That’s more than three times the largest one-year inflow of any ETF ever in the history of ETFs.Dave LaValle, Grayscale’s global head of ETFs

    Future Investment Forecasts

    According to Katalin Tischhauser, head of investment research at crypto bank Sygnum, ongoing adoption by wealth managers will likely result in larger allocations to crypto ETFs even among conservative institutions such as pension funds. "A lot of huge investors, like sovereign wealth funds and pension funds, are poised to invest in ETFs," Tischhauser said.

    The growing popularity and adoption of BTC ETFs among major institutional investors are expected to continue, leading to significant market shifts and increased investment in cryptocurrency assets.

Tier I

Sector: #18291

Sealed Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Axis Robotics Unveils Axis Sim Dataset V1 for Enhanced Robotic Manipulation

chest

Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, featuring over 50,000 human-teleoperated simulation trajectories.

user avatarMaya Lundqvist

ENS Proposes Migration to Layer 2 Registry Model

chest

Ethereum Name Service (ENS) has initiated discussions on a proposal to migrate domain registration and renewal to a Layer 2 registry model to reduce costs.

user avatarLeo van der Veen

BNB Chain Sets Activation Schedule for Lorentz Hard Fork

chest

BNB Chain developers have announced the activation schedule for the Lorentz hard fork, set to occur at block height 42,100,000, introducing BEP341 transaction priority changes aimed at reducing gas costs.

user avatarLi Weicheng

The Growth of Actively Validated Services in EigenLayer

chest

EigenLayer's success in restaking relies on the growth of Actively Validated Services (AVSs) that utilize restaked security, which is essential for generating sustainable fees and ensuring the overall success of the restaking model.

user avatarBayarjavkhlan Ganbaatar

EigenLayer Surpasses 5 Million ETH in Restaking Deposits

chest

EigenLayer has achieved a significant milestone by crossing 5 million ETH in restaking deposits, indicating the rapid growth of the restaking market.

user avatarAisha Farooq

Uniswap v4 Hook Library Expands with New Features

chest

Uniswap has recently expanded its v4 hook library by introducing automated liquidity management tools, allowing developers to customize liquidity pool behavior and enhance DeFi design.

user avatarTenzin Dorje

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.