Bitcoin ETF 13F filings ‘just a down payment’ on BTC: Exec

Bitwise exec term $3B as a ‘down payment’ as allocation will increase in 6 months.future seems bright and full of unimaginable potential.

“I find the 13F filings for Bitcoin ETFs extraordinarily bullish for the long-term future of Bitcoin.” The 13F filings, filed every quarter, are one of the SEC’s requirements for investors holding more than $100 million in AUM to report their holdings publicly.bought $262 million of Fidelity’s BTC ETF based on the filings.Since their January debut, the spot BTC ETFs have seen $11.8 billion in cumulative net flow and over $50 billion in net assets, per SoSo ValueBased on recent 13F filings as of last Thursday, professional investment firms owned $3.5 billion of spot BTC ETFs, per Bitwise exec.

However, retail investors owned more BTC ETFs than large-scale firms. Hougan noted that the investment firms owned about $3-$5 billion of BTC ETFs, about 7-10% of the ETF’s $50 billion in total assets.

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