Original author: Fu how
Original source: odaily
2024 is the first year of the influx of traditional financial capital into the crypto world, thanks to the Bitcoin spot ETF issued at the beginning of the year. As of today, SoSoValue data shows that Bitcoin spot ETFs have accumulated total inflows of $11.67 billion and total net assets of $50.54 billion.
In the four months since its launch, the Bitcoin spot ETF has driven the highest increase in crypto market capitalization by 64.93%, the highest market capitalization of $28.45 trillion, and directly driven the highest increase in Bitcoin's market capitalization by 59.25%.
As institutional investors continue to file 13 F (Institutional Positions Report) documents with the SEC to disclose their holdings of Bitcoin ETFs, the amazing buying power behind Bitcoin spot ETFs is revealed. Odaily sorted out the holdings of related companies and found that asset management companies have become the "main force" of BTC spot ETFs. It looks like this:
Haina International Group (SIG) ($1.3 billion)
Haina International Group (SIG) is an American financial services company headquartered in Belgon, Pennsylvania. Founded in 1987 by Jeff Yass, Arthur Dantchik, and Joel Greenberg. The SIG operates globally, covering securities trading, options trading, futures trading, derivatives trading, asset management, and private equity investments. The SIG is known for its professionalism and technicalized performance in the financial markets and is considered one of the largest quantitative trading firms in the world.
The SIG bought $1.3 billion worth of spot Bitcoin ETFs, a fraction of the company's total investment of $575.9 billion.
Ovata Capital（7400 万美元）
Ovata Capital is a Hong Kong-based investment management firm founded in 2017. Ovata Capital's flagship product, the Ovata Equity Strategies Master Fund, focuses on Asian equities and comprises four core strategy segments: Arbitrage, Relative Value, Event Driven, and Long and Short.
Ovata Capital has heavily invested in US Bitcoin spot ETFs, including FBTC, GBTC, BITB, and IBIT, representing 13.5%, 11.2%, 8.8%, and 5.6% of its portfolio, respectively, with a total value of more than $74 million.
Hightower ($68.34 million)
Hightower is a U.S.-based global wealth management firm that provides integrated financial planning, investment management, and asset management services. The firm's client base includes individual investors, family offices, corporate clients and charities.
Hightower bought more than $68.34 million worth of U.S. Bitcoin spot ETFs, which represents less than 0.1% of its total investment of $61.7 billion.
Rubric Capital Management（6000 万美元）
Rubric Capital Management is a US-based investment management firm founded in 2011. The company focuses on equity investments and is known for implementing long-term value investing strategies.
With $3.3 billion in assets under management, Rubric Capital Management has more than $60 million in BlackRock Bitcoin spot.
Yong Rong Asset Management（3800 万美元）
Yong Rong Asset Management is an asset management company headquartered in Hong Kong. The Company focuses on providing clients with comprehensive investment management services, covering multiple asset classes such as equities, bonds, derivatives, etc.
Yong Rong Asset Management purchased approximately $38 million worth of IBITs, or 12% of its portfolio, and is the No. 1 holder in BlackRock Bitcoin spot ETF holdings.
United Capital Management（3491 万美元）
United Capital Management is an integrated wealth management company headquartered in the United States. The Company provides a wide range of financial planning and investment management services.
United Capital Management holds over 350,000 shares of FBTC and 410,000 shares of BITO, representing 4.9% and 3% of its latest portfolio, respectively, with a total value of approximately $34.91 million. Among them, United Capital Management is one of the significant shareholders of Fidelity FBTC.
Legacy Wealth Asset Management（2850 万美元）
Legacy Wealth Asset Management is an integrated wealth management company dedicated to providing comprehensive financial planning and investment management services to its clients. The company, which is probably headquartered in the United States, has acquired Autohome.
Legacy Wealth Asset MAnagement owns over 350,000 shares of FBTC, representing 6.09% of its latest portfolio, and over 100,000 shares of GBTC, representing 1.84%, with a total value of over $28.5 million.
Monolith Management（2400 万美元）
Monolith Management, owned by former Sequoia China partner Xi Cao, is an investment management firm focused on growth companies in the public and private markets. The main investment directions are in the technology, software, consumer and healthcare industries.
Monolith Management has more than $24 million in IBITs and is the fifth-largest holder of BlackRock ETFs.
IvyRock Asset Management（1900 万美元）
IvyRock Asset Management is a hedge fund management company headquartered in Hong Kong. The Company manages a variety of funds through its asset management business.
IvyRock Asset Management 持有贝莱德近 1900 万美元的现货比特币 ETF IBIT。
Quattro Financial Advisors（1650 万美元）
Quattro Financial Advisors is a family office. The Company provides portfolio management, financial planning, and investment advisory services. Quattro Financial Advisors provides services to clients in the United States.
Quattro Financial Advisors is the second-largest holder of the BlackRock Bitcoin Spot ETF, holding 468,000 IBITs worth about $16.5 million, or 5.4% of its portfolio.
United Bank of America ($15 million)
United Bank of America is a U.S. bank holding company that is a member of the U.S. National Association of Banks. Bank National Association) and the fifth-largest bank in the United States, with more than 3,000 branches, mainly in the western and Midwestern United States.
Bank of America disclosed more than $15 million worth of spot Bitcoin ETF investments. It is reported to have purchased approximately 87, 744 shares of Fidelity's FBTC stock valued at $5.4 million, 46, 011 shares of Grayscale's GBTC stock valued at $2.9 million, and 178, 567 shares of BlackRock's IBIT stock valued at $7.2 million. According to the latest 13 F filing, the company's total investment is $71.8 billion.
Oxler Private Wealth（1124 万美元）
Oxler Private Wealth is an investment platform. The platform only provides relevant information. Consultation services are only available to clients or prospective clients of Oxler Private Wealth LLC and its representatives who are legally licensed or exempt from being licensed.
Oxler Private Wealth holds 280,000 shares of IBIT, worth about $11.24 million, or 4.4%.
Edmond de Rothschild Holding S.A（420 万美元）
Edmond de Rothschild Holding S.A offers a wide range of wealth management services to private and institutional clients.
Edmond de Rothschild (Suisse) S.A disclosed more than $4.2 million worth of spot Bitcoin ETF investments. The company reported holding 103, 600 shares of BlackRock IBIT stock, valued at just under $4.2 million. 1, 300 GBTC shares valued at $82, 121 were also disclosed. According to the latest 13 F filing, the company has a total investment of $6 billion.
Newbridge Financial Services Group（134 万美元）
Newbridge Financial Services Group offers a wide range of products, services and solutions to help clients achieve unique financial services.
With over $340 million in assets, Newbridge Financial Services Group holds approximately 20,000 shares of GBTC valued at approximately $1.34 million, representing just 0.58% of its $230 million portfolio.
Bank of New York Mellon ($1.113 million)
The Bank of New York Mellon is a bank based in New York City, United States. Its principal business is securities services and asset management. It holds 19, 918 IBIT shares and 7, 108 GBTC shares, which are currently valued at approximately $1.113 million.
JPMorgan Chase & Co. ($760,000)
JPMorgan Chase Group, commonly known as "Little Mo," is an American financial institution headquartered in New York City. Its commercial banking division has 5, 100 branches. In October 2011, JPMorgan Chase surpassed Bank of America in terms of assets to become the largest financial services institution in the United States. J.P. Morgan's operations operate in more than 50 countries, including investment banking, securities trading and services, investment management, business financial services, private banking and more.
摩根大通披露其持有价值约 76 万美元的 ProShares BITO、贝莱德 IBIT、富达 FBTC、灰度 GBTC 和 Bitwise BITB 份额。
SouthState（55.72 万美元）
SouthState is one of the leading regional banks in the Southeast region, serving more than one million customers through more than 240 locations in Florida, Alabama, Georgia, the Carolina and Virginia, among others. SouthState offers a comprehensive range of banking solutions, including personal banking, mortgages, small business banking, commercial banking, and wealth management.
SouthState disclosed investments in two spot Bitcoin ETFs with a combined value of $577, 198, and SouthState's investment in spot Bitcoin ETFs was only a fraction of the total $1.3 billion reported in its filings.
BNP Paribas ($40,000)
BNP Paribas is a world-class financial group, headquartered in Paris, France, which is the largest bank in France, the largest bank in the eurozone in terms of deposits, and one of the largest banks in the world, and one of the top four systemically important financial institutions.
BNP Paribas bought 1, 030 IBIT shares worth just about $40,000.
Wells Fargo Group (undisclosed)
Founded in 1852 in New York, USA, Wells Fargo Group is a diversified financial group with total assets of $1.9 trillion. Wells Fargo and JPMorgan Chase, Bank of America, Citigroup are among the big four banks in the United States.
According to the latest SEC filings, Wells Fargo already has exposure to spot bitcoin ETFs.